Fosun may set Club Med's Hong Kong IPO price at bottom range

Fosun may set Club Med's Hong Kong IPO price at bottom range

Guo Guangchang Photographer: Paul Yeung/Bloomberg

Fosun Tourism Group, the unit of billionaire Guo Guangchang’s drugs-to-insurance conglomerate that’s seeking to raise as much as $548 million in a Hong Kong IPO, expects to price the deal toward the bottom of a marketed range.

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