Chinese Jewelry Chain Zhou Liu Fu Considering a Hong Kong IPO, Sources Say
- May raise couple hundred million dollars, people familiar say
- Company said to be close to picking banks as sponsors for IPO
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Zhou Liu Fu Jewelry Co. is considering an initial public offering in Hong Kong as soon as this year, according to people with knowledge of the matter.
The Chinese jewelry chain-store operator has held discussions with potential advisers and is close to picking banks for the first-time share sale, the people said. A listing could raise a couple of hundred million dollars and value the firm at more than 10 billion yuan ($1.4 billion), the people said, asking not to be identified as the information is private.