China's ZJLD Group seeks up to $811.5 million in Hong Kong IPO

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Chinese liquor company ZJLD Group is looking to raise up to HK$6.37 billion ($811.5 million) in a Hong Kong initial public offering (IPO), the largest in the financial centre this year, according to exchange filings on Monday. The company is offering about 490.7 million shares in a price range of $HK10.78

Chinese liquor company ZJLD Group is looking to raise up to HK$6.37 billion in a Hong Kong initial public offering , the largest in the financial centre this year, according to exchange filings on Monday.

Across that range the spirits manufacturer would raise between $674 million to $811.5 million, the filings show.It is the largest IPO in Hong Kong in 2023, with just $508.3 million raised in new share sales in the first quarter of the year, according to Refinitiv data.

 

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