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<IPO>A.S. Watson Said to Advance USD2B Dual Listing in HK, London by End-2026
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A.S. Watson Group, a subsidiary of CKH HOLDINGS (00001.HK), may proceed with a dual listing in Hong Kong and London by the end of 2026, aiming to raise about USD2 billion, Financial Times reported, quoting people with the knowledge of the matter. The group is valued at USD30 billion. A.S. Watson has been working with Goldman Sachs, UBS and Latham & Watkins on the IPO, and has not yet selected its primary listing destination, sources divulged. Malina Ngai, CEO of A.S. Watson, did not directly respond to the potential IPO plan, while accentuating that the group's business model balances stability and flexibility amid geopolitical uncertainties. AASTOCKS Financial News |
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