Topsports shares steady at debut

Topsports International Holdings

10/10/2019 02:36

HONG KONG, Oct 10 (Reuters) - Shares of Chinese sportswear
maker Topsports  6110.HK  opened steady at HK$8.50 ($1.08) at
the start of its first day of trading on Hong Kong's benchmark
index  .HSI .
    Last week, the Shenzhen-based company raised $1.01 billion,
after pricing its shares at HK$8.50 ($1.08) during its Initial
Public Offering (IPO).  urn:newsml:reuters.com:*:nL3N26O0YQ
    A raising of that size gave Topsports a market
capitalisation of about $6.74 billion, a term sheet released at
the time showed, ahead of the public market trading.

 (Reporting by Scott Murdoch and Donny Kwok; Editing by Clarence
Fernandez)
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters
Messaging: donny.kwok.reuters.com@reuters.net))