Books have opened for lady wear retailer Koradior Holdings, the latest Chinese company seeking to list in Hong Kong amid a recent spurt of deal activity.
Koradior aims to float 125 million shares, or 25% of its enlarged share capital pre-greenshoe, and raise up to HK$564 million US$73 million by pricing the shares between HK$3.05 and HK$4.51 a unit under the lead of CIMB and Haitong. If the greenshoe option is exercised, the company could raise HK$648 million.
The Shenzhen-based company is being marketed at 2014 forward earnings of eight to 13 times, cheaper than peer Cosmo Lady, the Chinese lingerie maker...
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