Maoye International Holding Limited (Maoye) was listed on Hong Kong Stock Exchange on May 5. Maoye issued 863 million H shares, raising HK$2.68B. The IPO price was expected to range between HK$2.90 and HK$3.80, and was traded at HK$3.10, close to the upper limit of the expected IPO price. In addition, the P/E value is expected to reach 20.9 for 2008.

On the first trading day, the Maoye shares opened at HK$3.14, a slight 1.3% increase compared with the IPO price, and surged to HK$3.18 and dropped to HK$2.92, and closed at HK$3.04.

In June 2005, Maoye acquired domestically listed Chengshang Group Co., Ltd; then it debuted on the Shanghai bourse. Currently, Maoye owned fifteen department stores in eight cities located in South and Southeast China, including eight Maoye branded stores and seven Chengshang branded stores. All the stores were defined as middle or high-profile retail markets.