Chinese Cosmetics Maker Chicmax to Plan Hong Kong IPO, Sources Say
- Chicmax working with CICC, Citic Securities and JPMorgan
- Shanghai firm earlier considered a listing in mainland China
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Chinese cosmetics manufacturer Shanghai Chicmax Cosmetic Co. is planning an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter.
Shanghai-based Chicmax is working with China International Capital Corp., Citic Securities Co. and JPMorgan Chase & Co. on the proposed share sale that could raise several hundred million dollars, the people said, asking not to be identified as the information is private. The company is aiming to file a prospectus in the coming weeks, the people said.