Fosun Picks Banks for Hong Kong IPO of Club Med Holiday Resort Chain
Fosun acquired what was then Club Méditerranée in 2015.
Photographer: Benoit Durand/Getty ImagesFosun International Ltd. has picked banks for a planned Hong Kong initial public offering of holiday resort operator Club Med SAS, according to people familiar with the matter.
BNP Paribas SA, HSBC Holdings Plc and JPMorgan Chase & Co. are working on the IPO, which could raise at least $500 million, the people said, asking not to be identified discussing private information.