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.)
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