L'occitane reportedly approved for Hong Kong IPO

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MarketWatch

French cosmetics group L'occitane en Provence has received approval from regulators in Hong Kong for an initial public offering expected to raise between $200 million to $300 million, according to report Friday.

Marketing for the listing, the first by a French company on the Hong Kong Stock Exchange, will begin in early April, according to a Dow Jones Newswires report that cited two people familiar with the situation.

L'occitane would be following on the heels of Rusal Ltd. (HK:486 8.79, -0.06, -0.68%) , which became the first Russian company to list shares in Hong Kong when trading commenced in January, among foreign companies seeking to raise funds in Asia.