Business Intelligence on Retailing, Franchising, and Consumerism in China

Peak Plans IPO In Hong Kong

According to reports in the Hong Kong media, the Chinese sportswear brand Peak plans to launch an initial public offering in Hong Kong in September 2009, and the company aims to raise financing of USD200 million.

A representative from Peak said that though there is no specific schedule for its listing in Hong Kong, the company has been considering the financing for a long time.

Because Peak does not have business in Hong Kong, the company will hold a series of promotions before its IPO.

The latest investment in Peak is USD60 million from three private equity investment institutions: Sequoia Capital, CCB International, and Legend Capital.

Prior to this, another Chinese mainland sportswear brand 361°, was listed in Hong Kong and gained HKD1.7 billion on its first day on the stock market.

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