XTEP International Intends To Raise Funds By Listing Up To 3 Billion 100 Million Yuan.

According to market sources, XTEP international, which is mainly engaged in sportswear and shoes distribution, has launched its initial listing since yesterday. The company plans to raise 300 million to 400 million US dollars (i.e. about 2 billion 340 million to HK $3 billion 120 million). The public offering will be listed at the end of the month, and will be listed in Hong Kong next month. The sponsors will be UBS and JP Morgan.

XTEP is an enterprise in Quanzhou, Fujian province. It is a OEM manufacturer of sports shoes and garments. It does not own any retail business. It mainly established its own brand XTEP (Xtep) in 02 years through distributors and franchisees. In 07 years, the XTEP brand accounted for 3.4% in the mainland market, only Nike, Adidas, Lining (02331-HK), Anta (02020-HK) and Kappa of China trend (03818-HK).