financeSkift··1 min·For: Owner, Investor, GM
Fosun Files for Club Med Hong Kong IPO to Fuel Growth
Fosun International has filed for an initial public offering of Club Med Lifestyle Group on the Hong Kong Stock Exchange. The carve-out will inject fresh capital into the all-inclusive resort brand while Fosun retains a controlling stake.
Key Takeaways
- 1Club Med operates 69 beach and ski resorts worldwide.
- 2Revenue grew 1.3% year over year to approximately $2.3 billion, with adjusted EBITDA at $453 million.
- 3Fosun will maintain a controlling stake in the newly public entity.
Source: Skift
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