SHANGHAI — Shanghai-based skincare group Chicmax Cosmetic Company Ltd. — known for its popular skincare brands Kans, One Leaf, Baby Elephant, Bio-G and Hanamino — went public on the Hong Kong Stock Exchange on Thursday, becoming the primary Mainland China skincare company to accomplish that.
Chicmax opened at 25.20 Hong Kong Dollars, or $3.23, on Thursday, raising 835 million Hong Kong dollar from the deal.
Founded in 2002 by Shanghai-based entrepreneur Yixiong Lv, Chicmax is widely known for its anti-aging brand Kans, the botanically inspired facial mask brand One Leaf and the Baby Elephant skincare brand for moms and youngsters.
In keeping with data from the consulting agency Frost & Sullivan, in 2021, Chicmax Cosmetics ranked 14th place in retail sales in China,...
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