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Melvinchew
2021-07-28

Fashion Label Maker SML Considers Hong Kong IPO

The offering could raise $200 million and happen next year Hong Kong’s SML attempted to sell itself

Fashion Label Maker SML Considers Hong Kong IPO

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The offering could raise about $200 million, one of the people said.\nA listing would come more than a year after SML worked with Citigroup Inc. to explore a sale, which attracted private equity funds including Affinity Equity Partners and FountainVest Partners, Bloomberg News reported at that time. A disposal could have fetched about $500 million, the people familiar with the matter had said.\nSML designs and makes woven and printed labels, price tickets and packaging, according to its website. Founded in a warehouse office with 10 people in 1985, the company has since expanded both organically and via acquisitions. It counts offices and production sites in 30 countries including the U.S., Mexico, Spain and Indonesia.\nConsiderations are at an early stage and details of the IPO could still change, the people said. 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Fashion Label Maker SML Considers Hong Kong IPO

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