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Chinese detergent maker Blue Moon seeks up to $1.3bn in Hong Kong IPO

Company joins others seeking listings to help boost city's best quarter for 2020

HONG KONG -- Blue Moon Group Holdings, a Chinese maker of laundry detergent, liquid soap and bathroom cleaners, plans to raise as much as $1.3 billion through an initial public offering that will help the Hong Kong Stock Exchange log its strongest quarter this year for funds raised despite last month's collapse of Ant Group's mega IPO.

The Guangzhou-based company is offering 747.13 million shares in a range of HK$10.20 to HK$13.16 each. The IPO is open for subscription through Dec. 9 and the shares are expected to make their debut a week later.

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