Ningbo-based Alpha Smart Limited, the parent company of Chinese menswear fashion retailer GXG, has filed for an initial public offering in Hong Kong Exchange to raise a still undisclosed amount. The IPO size and company valuation were not disclosed in its filling with the exchange. In March, a Bloomberg report suggested that the company was looking to raise about $300 million through the offering. The company will use the proceeds for pursuing brand acquisitions or strategic alliances, upgrade its offline retail …

PE-backed Chinese Menswear Retailer GXG Files For $300M HK IPO appeared first on China Money Network.