Fosun plans Club Med Hong Kong IPO to raise over $500 million

Chinese conglomerate Fosun International plans to list its holiday-resort arm Club Med in Hong Kong in an IPO that could raise more than $500 million, possibly by late 2026 or early 2027. Fosun has engaged BNP Paribas, HSBC and JPMorgan for the share sale; proceeds are intended to support Club Med’s expansion. The move could boost Hong Kong’s IPO pipeline and investor interest in travel/leisure assets, while providing Fosun a vehicle to monetize tourism assets and potentially lift related Hong Kong market sentiment. The deal revives attention on travel-sector listings after Fosun bought Club Med in 2015.