Dali Foods Seeks Up to $1.34 Billion in Hong Kong IPO

Dali Foods Group Co., a Chinese snack and beverage producer, is seeking to raise as much as $1.34 billion in a Hong Kong initial public offering.

The company, which sells “Daliyuan” cakes and “Copico” brand potato chips, is offering 1.69 billion shares at HK$5 to HK$6.15 each, according to terms for the deal obtained by Bloomberg. Three cornerstone investors including Arisaig Partners have agreed to buy about $305 million of stock in the offering, the terms show.