Club Med IPO Could Raise At Least $500 Million
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Fosun International is planning a major IPO for Club Med SAS in Hong Kong, potentially raising at least $500 million. The company has engaged BNP Paribas, HSBC, and JPMorgan for the listing. Club Med, a key asset of Fosun Tourism Group, operates around 70 resorts globally. The IPO timing is crucial as Hong Kong's market is gaining momentum, with over $20 billion raised in 2023. CEO Stephane Maquaire indicated a listing could occur by the end of this year or in 2027.
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