This time, its Chinese firm, China Zaino International Limited which is planning to come out with an IPO. The China Zaino is in the business of manufacturing backpack, luggage bags and other bags.
What is the size of China Zaino IPO?
The China Zaino IPO will offer around 145 million shares through the initial public offering and plans to raise more than Singapore $ 87 millions. The IPO of China Zaino will be listed in Singapore.
What is the price of China Zaino IPO Shares?
The China Zaino share price for the IPO is 60 cents per share (Singapore Dollars). Two million shares will be allotted to the retail investors while 143 million will be for institutional investors.
IPO Dates and Listing date of China Zaino IPO
The China Zaino IPO will close on April 16, and the shares will be listed and begin trading on April 18.
Where will the IPO money be used?
About S$50 million of the IPO net proceeds will be used to expand China Zaino's production capacity.
Singapore-based financial advisory firm Stirling Coleman Capital Limited was tapped as the bookrunner, placement agent and underwriter of the IPO. Stirling Coleman Capital and DBS Bank Ltd. are the joint issue managers.
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What are the valuations of the China Zaino IPO?
China Zaino, which owns the 'Dapai' brand, said it ranked as the biggest backpack company in China in terms of revenue in 2006, based on a report by consultant Frost and Sullivan. The company has over 3,000 concessionary retail outlets across China and plans to increase that number to over 4,000 by the end of the year.
Between 2004 and 2006, the company's net profit grew at a compounded annual rate of 87.7 percent while revenue rose 82.2 percent, China Zaino said.
For the January to September 2007 period, China Zaino said it posted a 56.6 percent jump in net profit to 211.1 million yuan from a year ago as revenue soared 64.1 percent to 1 billion yuan.
| Let’s see how this special IPO from China Zaino performs. | Table of Contents |
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