handsome-subscriptions-for-belle-ipo

Handsome subscriptions for Belle IPO

The shoe manufacturer and retailer raises $1.1 billion and attracts more retail money than ICBC.
May 17, 2007
Belle International Holdings has priced its initial public offering at the top of the range for a total deal size of HK$8.68 billion $1.1 billion after attracting a mind-boggling $120 billion worth of orders.

On the retail side, the demand translated into a higher order value than for Industrial and Commercial Bank of ChinaÆs world record-breaking $21.9 billion IPO, making the Mainland shoe manufacturer and retailer the most popular retail offering in Hong Kong ever. ICBCÆs offer attracted more demand in total, however, as institutional investors submitted orders for just under $300 billion.

Investors were believed to have been attracted to the Belle because of its large scale û with a market...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222