Shoe Companies Are Pleased To Invest In IPO, The Highest Financing 990 Million

Sports shoes and clothing chain enterprise (00977, HK) officially launched IPO today.

Yesterday, the company released details of its listing. The company plans to sell 500 million shares worldwide, of which 100 million are the old shares sold by the shareholders. The public offering accounts for 10% of the total global offering, and the remaining ones are for international placement, and the other is the excess share option, which can offer an additional 75 million shares, representing 15% of the total number of the original shares.

The issue range is HK $1.38 to HK $1.98 per share, and the highest IPO is HK $990 million.

The date of public offering is between today and the 3 day of next month. It is expected to be listed on the main board 11 days next month.

According to the prospectus, Xi Long lung forecast net profit of not less than 288 million yuan this year, up 1.14 times compared with the same period last year.

According to the issue interval, the price earnings ratio of the issuer is about 8.6 to 12.4 times.

Before XTEP, XTEP International (01368, HK), which was the same as sports brand dealer, was listed in June 3rd. Although it was priced at HK $4.05, the closing price yesterday also dropped by 36% compared with the issue price.