BUSINESS · VERIFIED DEVELOPMENT
Fosun Files for Club Med IPO in Hong Kong
WHY IT MATTERS
The listing will give Club Med the means to accelerate its international development, according to its chief executive Stephane Maquaire, marking an important step in the evolution of its shareholding structure.
What happened
Fosun, the mainland owner of Club Med, has filed for an initial public offering in Hong Kong for the travel operator and its tourism-focused businesses.
The proceeds from the listing will be used to expand its global resort network, upgrade vacation offerings, and strengthen digital and AI capabilities.
Club Med currently operates 69 resorts worldwide and plans to reach 100 by 2035.
PRIMARY SOURCES
Fosun flags Club Med IPO in Hong Kong
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