A few days ago, the domestic sports brand Peak (01968.HK) listed in Hong Kong. This is the sixth domestic sports enterprise to land in Hong Kong's capital market after Li Ning (23.15, -0.35, -1.49%, EconomicCom Real-Time Market), Anta, Xtep and other companies.
IPO issue price of 4.1 HK, Pick IPO raised 1.7 billion Hong Kong dollars, higher than previously estimated 1.5 billion Hong Kong dollar. Excluding the over-allotment option, Peak's total share capital after the IPO was 2.098 billion shares, Xu Jingnan family held a total of about 61% stake.
Statistics show that from 2006 onwards, Peak annual turnover of more than 80%. Turnover in 2008 nearly doubled, reaching 2 billion yuan. At present, there are more than 5,600 specialty stores in Peak. In the next two years, the company plans to add 1,000 stores each year. The sales network will also extend from the current second and third tier cities to first-tier cities.
The industry believes that the Chinese market, sports brand consumption has just begun, as people's lifestyle changes, the market demand for sporting goods will grow rapidly.