The company plans to spend more than half of the IPO proceeds on building up its sales and distribution networks and a third of the money raised in expanding its production capacity, according to its prospectus. The above information is for your information only and does not constitute any offer or solicitation to any investment arrangement. © AP, STELLA WONG and NARAYANAN SOMASUNDARAM, Nikkei staff writers, China Evergrande spinoff's market debut falls flat in Hong Kong, JD.com firms up health unit spinoff with strong investor demand, Hong Kong plans IPO overhaul to help vie for listings, Ant IPO failure leaves billions on table for other Chinese listings, China's Kuaishou seeks Hong Kong IPO to fund costly viewer battle. Read the full story on the South China Morning Post here. Nikkei Inc. No reproduction without permission. Blue Moon’s revenue rose at a compound annual rate of 11.9 percent between 2017 and last year. China’s biggest detergent maker, Blue Moon, raised HK$9.58 billion in its Hong Kong IPO on Wednesday. Revenue in the first half of 2020 fell as sales of detergent dropped amid the coronavirus pandemic, the company said. Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously. I hereby declare that I am a resident of Hong Kong or I am not prohibited by any laws and regulations from gaining access to the listing applicant's documents referred to in the above warning statement and I confirm that I have read the warning statement before proceeding to the next web page. "We are seeing appetite for all kinds of companies, be it technology or your traditional brick-and-mortar firms.". A third is earmarked for business expansion, and the rest is for working capital and research and development. That would put it behind only the same period last year when Alibaba Group Holding raised $13 billion for its secondary listing in Hong Kong. The Guangzhou-based company’s IPO could be worth as much as USD1 billion, Reuters reported, citing two people with direct knowledge of the matter. Entities linked to the firm will subscribe to at least 34.5 million shares in the IPO to avoid diluting the stake, the prospectus indicated. The price was at the top of the HK$10.20 to HK$13.16 flagged by the company when the deal launched last Friday, according to a term sheet. Company joins others seeking listings to help boost city's best quarter for 2020. Known as China’s P&G, Blue Moon’s revenue grew to HK$7 billion ($909 million) last year and earnings almost doubled to HK$1.1 billion, according to the prospectus. Blue Moon's prospectus showed its net profit for the first half of 2020 reached HK$302 million ($39 million), up nearly 40% from the same time the previous year. Wealth-X prepared the Pillars of UHNW Prospecting to help you build more successful relationships. Find the latest BLUE MOON GROUP (6993.HK) stock quote, history, news and other vital information to help you with your stock trading and investing. Chinese detergent maker Blue Moon seeks up to $1.3bn in Hong Kong IPO, Blue Moon has expanded from what it now calls "classic" laundry detergent, as seen here in 2011, to add specialized machine- and hand-wash formulations. Provide IPO information, including related IPO’s company information, industry comparison , financial comparison, IPO news, IPO calendar, sponsor performance. Risk Disclosure Statements: Investment involves risks. Known as China's P&G, … Blue Moon reported a net profit of 302.2 million Hong Kong dollars ($39 million) on revenue of HK$2.43 billion for the six months ended June 30. Detergent maker Blue Moon Group seeks up to US$1.27 billion in Hong Kong IPO. Found 1 email: @bluemoon.com.cn. "We are seeing the strongest demand in some years for new offerings," said a person involved in Blue Moon's IPO. Entities linked to the firm will subscribe to at least 34.5 million shares in the IPO to avoid diluting the stake, the prospectus indicated. Some $35 billion that raced into Hong Kong primarily for Ant has not left the city, and fund managers say that investors have been scouting for securities and other assets. View Simon's Contact Info (It's Free) Redirecting you to the search page. Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in. … The top five liquid laundry detergent … China International Capital Corp., Citigroup and Bank of America are the sponsors of the IPO. Blue Moon’s prospectus showed its net profit for the first half of 2020 reached HK$302 million ($39 million), up nearly 40% from the same time the previous year. Source: Reuters. {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}}. Prospecting for Ultra High Net Worth (UHNW) clients presents unique challenges. Generally known as China’s P&G, Blue Moon’s income grew to HK$7 billion ($909 million) final yr and earnings nearly doubled to HK$1.1 billion, in response to the prospectus. | Privacy Policy • Terms of Use • Modern Slavery Act. Chinese detergent maker Blue Moon Group Holdings will raise $1.27 billion in its Hong Kong IPO after pricing its shares at HK$13.16, according to three sources with … Detergent maker Blue Moon Group seeks up to US$1.27 billion in Hong Kong IPO. Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century. Targeting cookies allow us to share content and information with you that is most relevant to your interests based on how you have used our website previously. Blue Moon, which was founded in 1992, plans to use half of its IPO proceeds to lift its brand awareness and strengthen sales and distribution. The price of a stock may move … China’s biggest detergent maker, Blue Moon , cleaned up in its debut on the Hong Kong Stock Exchange Wednesday with its shares closing 13% higher, spurred by significantly increased profits from Covid-19 demand for disinfectants. The website cannot function properly without these cookies. The company filed a … If you're not automatically redirected, please click here. Other Chinese companies also are making plans to list in Hong Kong. That compares with a net profit of HK$217.96 million and revenue of HK$2.7 billion in the first half of 2019. picture. However, profit was boosted by a fall in raw material prices and an increase in sales of higher margin disinfectant products, it said in its prospectus. Revenue was HKD7.05 billion (USD909.6 million) in 2019, 87.6 percent of which came from clothing cleaning and care products. This content was commissioned by Nikkei's Global Business Bureau. Blue Moon Group Holdings, the Chinese laundry detergent maker backed by Hillhouse Capital, plans to raise up to US$1 billion in an initial public offering in Hong Kong as soon as the third quarter of this year, according to a person familiar with the discussions. Blue Moon Group, the detergent maker backed by Asian private equity manager Hillhouse Capital, has priced its Hong Kong initial public offering (IPO) at the top end of a … Blue Moon's prospectus showed its net profit for the first half of 2020 reached HK$302 million ($39 million), up nearly 40% from the same time the previous year. Known as China’s P&G, Blue Moon’s revenue grew to … Blue Moon's prospectus showed its net profit for the first half of 2020 reached HK$302 million (S$52.1 million), up nearly 40 per cent from the same time the previous year. In addition, we share information with our social media, advertising and analytics partners who may combine it with other information you have provided them or that they have collected from your use of their services. Chinese detergent maker Blue Moon has raised HK$9.8 … Sign up to our newsletters to get our best stories delivered straight to your inbox. SING TAO. "Multiple companies come to list in Hong Kong because they are optimistic about Hong Kong's capital markets. HONG KONG: Chinese detergent maker Blue Moon Group Holdings will raise $1.27 billion in its Hong Kong IPO after pricing its shares at HK$13.16, according to three sources with direct knowledge of the matter. Each of the companies have their own unique advantages and investment highlights," she said. Listing Day. 08 Apr 2021 12:00 AM - 12 Apr 2021 12:00 AM. The prices of stocks fluctuate, sometimes dramatically. Online health care company JD Health, which raised $3.5 billion, and property manager China Resources Mixc Lifestyle, which raised $1.6 billion, are due to start trading next week. The Changing Landscape The COVID-19 pandemic and its consequences continue to dominate headlines, altering daily life around the world. of Shares Per Lot 500 shares Regarding the IPO announcement and prospectuses, please … Even as the initial waves of the virus appear to be... Read more →, © 2021 Wealth-X, a part of the Euromoney Institutional Investor PLC Group. The rush of activity after the last-minute cancellation by Chinese regulators of Ant's dual listing in Shanghai and Hong Kong -- which was expected to raise up to $39.6 billion and would have been the world's largest IPO -- underscores the inherent strength of Hong Kong's capital markets with both technology unicorns and old-economy companies tapping investors for funds. What’s New: China’s largest laundry detergent maker Blue Moon filed for an initial public offering (IPO) Monday with the Hong Kong stock exchange. We also utilize cookies to help analyze our traffic and better understand the content preferences of our users. HONG KONG -- Blue Moon Group Holdings, a Chinese maker of laundry detergent, liquid soap and bathroom cleaners, plans to raise as much as $1.3 billion through an initial public offering that will help the Hong Kong Stock Exchange log its strongest quarter this year for funds raised despite last month's collapse of Ant Group's mega IPO. China’s leading detergent maker Blue Moon Group Holdings is planning to float in Hong Kong for around $1bn, according to a source close to the deal. Blue Moon Group, the Chinese detergent maker backed by … Blue Moon logged HK$2.4 billion in revenue and HK$300 million in net profit for the January-June half, according to the prospectus. 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HONG KONG — Blue Moon Group Holdings, a Chinese maker of laundry detergent, liquid soap and bathroom cleaners, plans to raise as much as $1.3 billion through an initial public offering that will help the Hong Kong Stock Exchange log its strongest quarter this year for funds raised despite last month’s collapse of Ant Group’s mega IPO. Undisputed leader in China’s liquid laundry detergent market. Entities linked to the firm will subscribe to at least 34.5 million shares in the IPO to avoid diluting the stake, the prospectus indicated. 19 Apr 2021. Pan Dong, Blue Moon's chairwoman, said in an online news conference on Thursday that the company chose Hong Kong for its IPO because the city's markets are internationalized and diversified. Stay ahead with our exclusives on Asia; the most dynamic market in the world. Detergent Maker Blue Moon Group Files For $1 Billion Hong Kong IPO July 1, 2020 Asia Pacific Daily News Blue Moon Group Holdings, the Chinese laundry detergent maker backed by Hillhouse Capital, plans to raise up to US$1 billion in an initial public offering in Hong Kong as soon as the third quarter of this year, according to a person familiar with the discussions. You consent to our cookies if you continue to use this website. The Guangzhou-based company is offering 747.13 million shares in a range of HK$10.20 to HK$13.16 each. The Guangzhou-based company didn’t disclose the size or timing of the IPO, but it was reportedly … We use necessary cookies that enable this website to function properly. The company, which is backed by private equity firm Hillhouse Capital, said on Thursday that it has locked in six cornerstone investors for the IPO, including BOCHK Asset Management and Fullerton Funds, which will put in a combined $230 million. IPO Subscription Period via DBS iBanking IPO. The company plans to spend more than half of the IPO proceeds on building up its sales and distribution networks and a third of the money raised in expanding its production capacity, according to its prospectus. The price was at the top of the range flagged by the company when the deal launched last Friday and means Blue Moon will raise … Get trusted insights from experts within Asia itself. Detergents maker joins US$1b IPO club. Entities linked to the agency will subscribe to no less than 34.5 million shares within the IPO to keep away from diluting the stake, the prospectus indicated. Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. Join in 5 seconds, no credit card required! Chinese detergent maker Blue Moon Group Holdings has become the latest in a record number of companies to raise at least $1 billion in a Hong Kong IPO in 2020 after pricing its shares at HK$13.16, according to three sources with direct knowledge of the matter. The Guangzhou-based firm filed a highly redacted offering document on Monday night indicating it planned to proceed with a listing on the Hong Kong Exchange. The decline in sales was partially offset by personal hygiene products and home care products, it said. The company plans to spend more than half of the IPO proceeds on building up its sales and distribution networks and a third of the money raised in expanding its production capacity, according to its prospectus. The IPO is open for subscription through Dec. 9 and the shares are expected to make their debut a week later. Toy maker Pop Mart International, Harbour Biomed, and property developers Datang Group Holdings and Leading Holdings Group are raising a combined $1.3 billion, according to prospectuses from each company. You can change your cookie settings for this website at any time here. The company plans to spend more than half of the IPO proceeds on building up its sales and distribution networks and a third of the money raised in expanding its production capacity, according to its prospectus. Blue Moon's products at a store. BLUE MOON GROUP HOLDINGS LIMITED IPO Stock Code: 06993 IPO HIGHLIGHT Number of Offer Shares 747,126,500 Shares (subject to the Over-allotment Option) Number of Hong Kong Offer Shares 74,713,000 Shares (subject to reallocation) Maximum Offer Price HKD 13.16 per Share No. Blue Moon, which was founded in 1992, plans to use half of its IPO proceeds to lift its brand awareness and strengthen sales and distribution. New listings in Hong Kong are on pace to top $19 billion in the last three months of the year, based on data compiled by Dealogic.