(From left) Wenping Wang, chief financial officer of Fosun Tourism Group; Jiannong Qian, chairman and CEO; and Henri Giscard d’Estaing, vice-chairman and deputy CEO, at a press conference to announce the company’s proposed IPO in Hong Kong, on November 29, 2018. Photo: Nora Tam

Investors give their collective cold shoulder to Hong Kong stock sale by Club Med’s owner Fosun Tourism amid market rout

  • Hong Kong retail tranche of the IPO was only 30 per cent bought
  • Timing of the IPO proves tricky amid a surge of new listings in Hong Kong
Topic |   IPO

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(From left) Wenping Wang, chief financial officer of Fosun Tourism Group; Jiannong Qian, chairman and CEO; and Henri Giscard d’Estaing, vice-chairman and deputy CEO, at a press conference to announce the company’s proposed IPO in Hong Kong, on November 29, 2018. Photo: Nora Tam
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