Hillhouse-backed Topsports launches up to $1.2b HK IPO

Photo by Edgar Chaparro on Unsplash

Topsports International Holdings Ltd, the sportswear business of Chinese footwear retailer Belle International, on Tuesday launched a Hong Kong initial public offering (IPO) of up to $1.2 billion, according to a marketing term sheet seen by Reuters.

The offering would be the latest to test investor sentiment following anti-government protests that have roiled Hong Kong for nearly four months and weighed on the stock market.

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