Women's shoes retailer Bailey plans to raise 800 million U.S. dollars in Hong Kong

China's leading women's shoes retailer Belle plans to raise 800 million U.S. dollars through its initial public offering (IPO). The company is committed to the production and sales of first-rate women's footwear products and is currently undergoing restructuring. It plans to list in Hong Kong in the first half of next year.

It has always been expected that Belle will list its retail business, but at present the company has decided to include the footwear production sector in the IPO, which will double its potential funding size.

Belle has selected Morgan Stanley and Credit Suisse as listed underwriters, but both declined to comment on the 1st. Morgan Stanley directly holds approximately 6% of Belle's shares.

Belle operates and owns more than 2,500 shops in Mainland China and Hong Kong, 1,000 of which are under the name of its flagship brand Belle, while Others operate under the names of Tianmeiyi, Sagato and True Beauty Poetry.

It is expected that Belle will use the funds raised to expand its business in the Mainland. Analysts believe that due to China's rapid economic development, mainland consumer stocks will continue to benefit from strong consumer spending, especially luxury consumer spending.

A person familiar with the situation said: “The listing of state-owned banks may have attracted investors' attention, but in the coming years, there will be many retail companies in the listed new shares. These companies are developing very rapidly and require funds to support subsequent expansion. plan."