Topsports expected to raise US$1bil in Hong Kong IPO

The final pricing guidance given to investors is toward the lower end of the HK$8.30 to HK$10.10 (US$1.06 to US$1.29) range disclosed ahead of the deal.

HONG KONG: Chinese sportswear manufacturer Topsports International Holdings Ltd is on course to raise $1 billion with its shares expected to price at HK$8.50 in an Hong Kong initial public offering, people with knowledge of the matter said..

The final pricing guidance given to investors is toward the lower end of the HK$8.30 to HK$10.10 (US$1.06 to US$1.29) range disclosed ahead of the deal.