Shoe Retailer Belle Is Said to Plan $1 Billion Hong Kong IPO

Belle Fashion Group is targeting to raise about $1 billion in its Hong Kong initial public offering, people familiar with the matter said, five years after private equity firms took China’s biggest women’s footwear retailer private.

The company filed for the proposed share sale on Wednesday without details of the offering. Deliberations are ongoing and the fundraising size could still change depending on market conditions, said the people, who asked not to be identified as the information is private. A representative for Belle Fashion wasn’t immediately available for comment.

The IPO would end a hitaus of sizable share sales by ...