Home Credit plans IPO in Hong Kong

Published: 15.07.2019 Related countries:  Czech Republic Czech Republic, China (only Honkong) China (only Honkong)

Consumer lender Home Credit expects to receive 1 billion USD from the IPO on the Hong Kong stock exchange

Company Home Credit B.V., a global consumer lender owned by the Czech financial group PPF is planning for listing on the Hong Kong stock exchange. The Company filed for the listing and hopes that the initial public offering (IPO) will bring at least 1 billion USD. The IPO needs to be approved by the Hong Kong stock exchange yet. The company selected Citigroup, HSBC a Morgan Stanley as banks that would lead Home Credit’s IPO. Home Credit was established in 1997 and belongs to the biggest companies offering consumer loans. Apart from the Czech and Slovak Republic, the company is active in many markets including China, Russia, India or Vietnam. 

Source: https://www.reuters.com/article/home-credit-ipo/update-1-home-credit-files-for-listing-on-hong-kong-stock-exchange-idUSL8N24G189

Prepared by the team of foreign office CzechTrade Brussels