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Topsports, China's Largest Sportswear Retailer, Announces $1.2 Billion IPO

930 million shares for sale
Image via: Nike

Image via: Nike

China's largest sportswear retailer, Topsports, has announced an IPO worth up to $1.2 billion USD with 930 million shares available for sale. The company will be listed in Hong Kong with prices ranging from $8.30 HKD to $10.10 HKD ($1.06 to $1.29 USD) per share according to the term sheet.

In related news, Yahoo Japan acquired a majority share in ZOZOTOWN recently.