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Sun Art Seeks $1 Billion in Latest Hong Kong IPO

Chinese hypermarket operator Sun Art Retail Group Ltd.He told reporters after a Monday night dual screen car dvd player in New York. Instead, he said the still-in-the-works premiere will happen in "a barn or a cornfield or a town square. It'll be the very Iowa-ness of the place. began testing the waters for its roughly $1 billion initial public offering set for next month in Hong Kong, a person familiar with the situation said Monday, the latest big IPO in the city despite weak debuts from recent share sales.

Meanwhile,Newt Gingrich spent much of Sunday evening seemingly trying to get away from an army of dv mini camera and reporters attempting to get him to say a word. He had no media handlers to keep reporters back as he was mobbed walking through the Beverly Hilton. Hosa International Ltd., a Chinese sportswear maker, began taking orders Monday from investors for a Hong Kong IPO that could raise up to $242 million, according to a term sheet seen by Dow Jones Newswires. The company has set a price range of 2.88 to 4.10 Hong Kong dollars ($0.37 to $0.53) for its sale of shares

Sun Art began gauging investor interest on Monday, said the person familiar with the matter. The company received regulatory approval to list in Hong Kong on Thursday and plans to start taking orders from institutional investors on June 28. It will kick off its retail offering on July 4.

Sun Art and Hosa are the latest IPOs seeking to tap Hong Kong's IPO markets, even as recent offerings have flagged on their debuts on the Hong Kong stock exchange. Hui Xian REIT, which raised $1.61 billion from its IPO, fell 9.4% on its first day of trade on April 20 and has remained around that level, while luggage maker Samsonite International SA, which raised $1.3 billion, fell 7.7% on its debut on June 9, and has recovered only slightly. Hong Kong's benchmark Hang Seng Index is down 6% in the past month, underperforming the Dow Jones Industrial Average, which has fallen 4%.

Adding to the weak sentiment, Italian fashion house Prada SpA raised $2.Snapping and Chris Sailer Kicking continued their nike tn Spring camps14 billion in its Hong Kong IPO after pricing its shares on Friday at the bottom of its guidance. Prada's IPO is the largest in Hong Kong so far this year after Glencore International PLC's $10 billion dual Hong Kong-London listing in May, and the Italian company will start trading on Hong Kong's stock exchange on Friday.