Deals
Belle's Sportswear Unit Files for Up to $1 Billion Hong Kong IPO
- Bank of America, Morgan Stanley are joint sponsors of the deal
- Private equity firms took Belle private in a $6.8b deal in 17’
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Belle International Holdings Ltd., the biggest women’s shoe retailer in China, filed for an Hong Kong initial public offering of its sportswear distribution arm.
Belle’s Topsports International Holdings Ltd. unit submitted a listing application to the Hong Kong stock exchange, according to a filing on the bourse’s website late Thursday, which confirmed an earlier Bloomberg News report. Bank of America Corp. and Morgan Stanley are joint sponsors of the offering, the filing shows.