Chinese leisure focused integrated tourism company Fosun Tourism Group, a wholly-owned subsidiary of investment to tourism company Fosun International, has secured $428 million in its initial public offering (IPO).
Fosun Tourism sold 214.2 million shares at $2 each.
The Hong Kong IPO values Fosun Tourism at $2.44 billion.
The amount secured could increase to $492 million if the over-allotment option is applied within one month of the start of trading.