By Vinicy Chan
The private equity owners of Belle International Holdings Ltd., the biggest women’s shoe retailer in China, are considering a spinoff of its sportswear distribution business.
The consortium will also provide technical support worth $37 million.
Canaan Creative filed a listing application to the HKEX on Monday while Zhejiang Ebang has also started working with advisers on a proposed HK float of up to $1 billion
Two-thirds of the 21 tech IPOs in the past year are below their issue price, with shares down an average of about 20 per cent through Friday.
Everstone owns and operates Burger King’s branded restaurants across India and Indonesia as part of its F&B Asia Ventures platform.
Deutsche Bank has said it plans to pare back purely local business in Asia, along with corporate finance operations.
The application comes a little more than a week after Chinese smartphone maker Xiaomi filed for an IPO that could also raise as much as $10 billion.
Last month, Warburg-backed Techcombank had raised $922 million by selling more than 164 million shares.
The focus will be on Israeli technology and biomed companies seeking to penetrate Asian markets.
The company will sell up to $1.1 billion in shares and have a market value of $3.3 billion.