Jeweler Chow Tai Fook’s Hong Kong IPO Could Be This Year’s Biggest

If jeweler Chow Tai Fook’s $2.8 billion IPO is successful, it will be the largest initial public offering in Hong Kong this year, Bloomberg reports.

Chow Tai Fook manufactures and sells gold and diamond jewelry and is one of Asia’s biggest retail brands, with revenue exceeding that of Tiffany & Co. The Group is projecting net income of some $811 million for the year ending March 31, 2012.

According to Bloomberg, the jeweler plans to set the price for the 1.05 billion shares up for sale on December 9 and begin trading on December 15.

-Israeli Diamond Industry