Market Chatter: CK Hutchison Eyes $30 Billion Valuation for A.S. Watson IPO

MT Newswires Live01-16

CK Hutchison (HKG:0001) is seeking a valuation of about $30 billion for A.S. Watson ahead of the planned initial public offerings of the health and beauty retail unit, Reuters reported Thursday, citing two people with knowledge of the matter.

The conglomerate is working with Goldman Sachs and UBS Group on a potential dual listing in Hong Kong and London, the report said, citing the sources.

The firm could go public by the middle of the year with plans to raise $2 billion, the report said.

Reuters said CK Hutchison and A.S. Watson did not immediately respond to comment requests.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment