Li's Watson to raise up to $6 bln in June IPO | Bangkok Post: news

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Li's Watson to raise up to $6 bln in June IPO

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Asia's richest man Li Ka-shing is planning to raise up to $6 billion through a dual listing of his flagship retail chain in Hong Kong and London, a report said on Tuesday, in what would be the world's biggest initial public offering since late 2012. 

Asia's richest man Li Ka-shing, pictured during a press conference for Cheung Kong Holdings first-half earning results, in Hong Kong, on August 2, 2012

Li is aiming to sell shares in A.S. Watson -- part of his vast Hutchison Whampoa conglomerate -- by the end of June, the Wall Street Journal reported, quoting a person familiar with the situation.

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