China's Peak Sport Products launches roadshow for IPO

09/11/2009 | FinanceAsia.com (Hong Kong)

Following the lead of 361 Degrees International, Chinese sportswear firm Peak Sport Products is planning an initial public offering to raise as much as $246 million. Peak Sport Products, based in Fujian Province, makes functional sportswear, with a focus on basketball. The company plans to use the proceeds from its listing for advertising, brand promotion, and expanding production facilities and its sales network.

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