Market Chatter: Fosun International Shortlists Banks for Planned Club Med Hong Kong IPO
Fosun International (HKG:0656) has shortlisted banks for a planned listing of its holiday resort operator Club Med SAS in Hong Kong, Bloomberg News reported Tuesday, citing people familiar with the matter.The firm has hired BNP Paribas, HSBC Holdings and JPMorgan Chase on the potential IPO that could raise at least $500 million, the people told the news agency.The report cautioned that the details were preliminary and subject to change.Club Med chief executive Stephane Maquaire previously said that an IPO might happen at the end of this year or in 2027, either in Hong Kong or Amsterdam, Bloomberg reported.Fosun did not respond to a comment request from Bloomberg, while representatives from BNP, HSBC and JPMorgan declined to comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
