Hong Kong-based Chinese meat producer Shuanghui International Holdings has hired investment banks to arrange a Hong Kong initial public listing, according to media reports.
The size of the IPO is estimated to be from US$3 billion to US$6 billion.
Shuanghui International counts many private equity firms as shareholders. CDH Investments holds a 33.7% stake, while New Horizon Capital owns 4.2% and Goldman Sachs’ investment arm owns 5.2%.
Singapore’s Temasek Holdings also holds a 2.8% stake, according to public filings.
The IPO is expected to take place in the second quarter of 2014.
