Hela Clothing launches IPO to expand overseas business

Hela Clothing, a Sri Lankan garment manufacturer which exports its goods globally, is to open an Initial Public Offering (IPO) tomorrow (12 January), divesting a 20.5% stake in the business to raise LKR4bn in a bid to future-proof its supply chain.

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:

Macroeconomic and demographic environment
Consumer context
Industry environment
Competitive environment
Route to market

Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.

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Free Report

What’s missing from your IPO industry assessment?

Macroeconomic and demographic environment
Consumer context
Industry environment
Competitive environment
Route to market

Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.

By GlobalData

By downloading this case study, you acknowledge that GlobalData may share your information with GlobalData and that your personal data will be used as described in their Privacy Policy

Hannah Abdulla

A wealth of over 14 years of editorial experience having worked on titles for the John Lewis Partnership and the ITP Group in Dubai, Hannah joined Aroq in 2014 where she started as News Editor on Just Food before landing the role of News Editor on Just Style. Hannah enjoys covering more challenging subjects and exploring the impact of current affairs on global supply chains.