Chow Tai Fook plans IPO

Chow Tai Fook mandates seven banks for upcoming IPO

Deutsche Bank, Goldman Sachs, HSBC and J.P. Morgan are named global coordinators for the deal, which could raise as much as $4 billion and is expected in the first quarter of 2012.

<div style="text-align: left;"> Chow Tai Fook mandates seven banks to help arrange its Hong Kong IPO (AFP)</div>

Anette Jönsson

May 25, 2011

The Chow Tai Fook Group, which is controlled by Hong Kong tycoon Cheng Yu Tung, has mandated seven banks for the initial public offering of its jewellery unit, according to sources. The IPO, which is expected in the first quarter of 2012, could raise as much as $4 billion.

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