Mao Geping Cosmetics prepares to raise HK$2.3 billion in IPO
Mao Geping Cosmetics has passed its first listing hearing and hopes to raise about HK$2.3 billion in its IPO on the Hong Kong Stock Exchange.
The brand has abandoned its attempt to list in Shanghai after four failed attempts to list since 2016, The Standard reported.
The company reported a profit of RMB 664 million in 2023, with revenue soaring 83% to RMB 2.89 billion.
The Standard reported that since Mao Geping's first attempt at listing, analysts have been closely scrutinizing its business model, product range and R&D spending, and have raised some concerns, such as R&D expenses being less than 1% of revenue and its products mostly being produced by contract manufacturers.
Looking for chemical products? Let suppliers reach out to you!
You May Interested In
2026-07-18
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Lipoid Kosmetik Announces New U.S. Market Distribution Partnership with Omya
-
DKSH to Distribute Point Grey’s Baby and Personal Care Portfolio in Vietnam
-
Eigenmann & Veronelli to Distribute Evolved by Nature Bioactive Peptides in Italy, Spain and Portugal
-
KKR Acquires Korean Cosmetics Packaging Firm Samhwa for $577 Million, Tripling TPG’s Return
-
Albéa Acquires Amfora Packaging, Strengthening Its Position in Latin America
-
DKSH Expands Partnership with Assessa to Distribute Botanical Ingredients Across China
-
Brenntag Expands Distribution of Givaudan’s Active Beauty Ingredients to Malaysia and Singapore
-
Doré Partners with Evolved By Nature to Launch Two Breakthrough Skincare Products
-
IMCD Acquires Dong Yang FT, Entering the Korean Beauty Sector
-
BASF and IFF Collaborate to Accelerate Innovation in Enzymes and Polymers
Recommend Reading
-
Unilever Sells Kate Somerville Brand to Rare Beauty Brands
-
LBB Specialties to Distribute Imerys' Mineral Ingredients in North America
-
Symrise Launches “Care & Wellness” Division to Strengthen Beauty–Health Integration
-
COSMAX Acquires 51% Stake in Keminova, Establishes First European Production Base
-
L Catterton to Acquire Minority Stake in Perfume Company EX NIHILO
-
Supply Tightening, Melamine Market Shows Slight Rebound in China
-
Cyclohexane Market Faces Insufficient Demand, Prices Remain Stable
-
Crude oil prices fall, domestic refined oil retail prices are about to be reduced
-
Ample Supply, Acrylonitrile Prices Fluctuate Downward
-
China Activates Blocking Rules in Response to U.S. Sanctions on Petrochemical Firms