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Lun88
2021-12-08

Citic-Backed Chinese Beauty Chain Weighing Hong Kong IPO

Beauty Farm could seek up to $500 million in a listing Firm is working with advisers for an IPO as s

Citic-Backed Chinese Beauty Chain Weighing Hong Kong IPO

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The listing could take place as soon as the second half of 2022, the people said, asking not to be identified as the information is private.\nDeliberations are ongoing and details such as timing and fundraising size could change, the people said. Beauty Farm didn’t immediately respond to requests for comment.\nAn IPO would come as China’s consumer brands win market share from foreign rivals, offering investors a viable alternative to tech startups amid a crackdown on the biggest firms in that sector. Genki Forest, a Chinese beverage maker known for its flavored teas and sparkling water, is seeking to raise $500 million in fresh capital at a pre-investment valuation of $15 billion, Bloomberg News reported last month.\nFounded in 1993, Beauty Farm offers skin health and facial aesthetics services at its beauty parlors, according to its website.","news_type":1},"isVote":1,"tweetType":1,"viewCount":576,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Citic-Backed Chinese Beauty Chain Weighing Hong Kong IPO

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