China’s Shandong Ruyi plans IPO for $2b Lycra unit

A roll of lycra fiber produced by Invista, a subsidiary of Koch Industries Inc., sits in a warehouse during production at the Kimberly-Clark Corp. Neenah Cold Spring facility in Neenah, Wisconsin, U.S., on Monday, July 31, 2017. Photographer: Daniel Acker/Bloomberg

Acquisitive Chinese luxury apparel firm Shandong Ruyi Group is planning an initial public offering for The Lycra Co., maker of the elastic material used in yoga pants and skinny jeans.

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