consumer retail

The deal draws strong demand and is upsized by 40% to price at the top of the range for a 4.1% discount, even though the share price has gained 13.9% this week.

Chow Tai Fook Jewellery, the largest jewellery retailer in Hong Kong and China, has an option to increase the deal by 20%.

Erajaya, the country's leading mobile phone retailer, is offering up to 40% of its share capital. Meanwhile, Xinyi Glass cancels the spin-off of its solar glass unit and, in Thailand, Big C postpones its rights issue EGM due to floods.

The operator of hypermarkets and convenience stores will use the proceeds to repay a loan taken up to buy Carrefour's Thai business. The deal might include a rump placement of unsubscribed shares.

Parkson Asia, an operator of department stores in Southeast Asia, is seeking to raise up to $124 million ahead of a listing in early November.

Philippine supermarket chain Puregold raises $172 million after fixing the price at the bottom of the range, while Chinese tea retailer Tenfu prices above the mid-point to raise $161 million.

The Chinese store operator attracts more than 500 institutional investors, while retail demand is strong enough to trigger a clawback. Meanwhile, in Malaysia, Bumi Armada raises $888 million from another popular IPO.

Deutsche Bank, Goldman Sachs, HSBC and J.P. Morgan are named global coordinators for the deal, which could raise as much as $4 billion and is expected in the first quarter of 2012.

The Italian fashion designer hits the market two days after Samsonite, suggesting investors focusing on the consumer retail sector will be busy in the weeks ahead. The two brand icons could raise as much as $4 billion.