Legend Capital-Backed La Chapelle Completes $220M HK IPO

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Venture-backed Chinese multi-brand apparel group Shanghai La Chapelle Fashion Co., Ltd. has completed an IPO in Hong Kong yesterday, raising a total of HK$1.7 billion (US$220 million) by offering 121.58 million ordinary shares at HK$13.98.

The float priced at the bottom range of its indicative offering price of HK$13.98 to HK18.20 apiece.

Investors in the company include Legend Capital, Boxin Capital, Shanghai Ronggao Venture Capital, Beijing Goldman Sachs and Asia Alternatives Management LLC.

China Money Network

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