By Ravindra Sonavane
The Chalet Hotels IPO comprises a fresh issue of ₹950 crore and a secondary market sale of 246.85 crore shares by the promoter group.
The technology and telecoms conglomerate did not release a forecast for the current business year, saying there were too many uncertain factors.
Selling shareholders include Banyan Partners, Sun Vantage Investment and Lightspeed China.
Slack is said to be still planning to pursue a direct listing as opposed to a traditional IPO as early as the spring.
Ruyi recently closed the acquisition of Lycra, which was owned by an arm of Koch Industries, after regulatory delays hampered the transaction for months.
Its float is being watched as a test of investor sentiment for Hong Kong deals after a patchy performance by newly listed stocks in 2018 amid U.S.-China trade tension.
A listing could give AB InBev’s Asian business a value ranging from $40 billion to $70 billion based on early estimates.
The company could potentially raise $300 million from the IPO and is working with Credit Suisse on the deal.
The company plans to use the net proceeds from its IPO to fund its expansion plans and enhance its recycled product range.
According to a news report, investment banking firms including Goldman Sachs, UBS, Macquarie Capital, Citi and Credit Suisse have been asked to pitch to iflix.