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Updated · Bloomberg · May 19Fosun Picks 3 Banks for Club Med Hong Kong IPO Worth at Least $500 Million
1 articles · Updated · Bloomberg · May 19
- BNP Paribas, HSBC and JPMorgan are working on Fosun International’s planned Hong Kong listing of Club Med, which could raise at least $500 million.
- The bank appointments show Fosun is moving ahead with preparations to float the holiday resort operator in Hong Kong.
- Club Med would add a sizable consumer and travel-sector deal to Hong Kong’s IPO pipeline if the listing proceeds.
After its IPO, can Club Med escape its parent's shadow to fund its ambitious global growth? Can Club Med’s blockbuster IPO truly fix its parent company's massive debt problem?