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Fosun Club Med is reportedly considering an IPO in Hong Kong
Fosun International (00656) subsidiary Club Med, a luxury resort in France, is reportedly considering an IPO in Hong Kong.
Bloomberg cited sources familiar with Club Med SAS as saying the company is considering an IPO and is exploring the Hong Kong stock market.
Fosun owns Club Med through its Fosun Tourism and Culture. Fosun Tourism and Culture stated that they regularly evaluate strategic options, but no final decision has been made regarding an IPO.
Club Med CEO Stéphane Maquaire told Le Figaro that the company’s IPO could take place either at the end of this year or next year. The report also quoted sources indicating that Hong Kong, Paris, and Amsterdam are under consideration for the listing, while Shanghai is not among the options.