Fosun International is moving forward with plans to list Club Med in Hong Kong in a share sale that could raise in excess of $500 million, company sources have said.
According to reports, the initial public offering could be launched as soon as the end of this year or may be scheduled for early 2027. Proceeds from the potential deal are expected to help finance Club Med’s expansion initiatives.
Fosun has engaged three global banks to advise on and manage the offering. BNP Paribas, HSBC and JPMorgan have been hired to work on the planned share sale.
Fosun’s ownership of Club Med dates back to February 2015, when it bought the holiday-resort operator for about 917 million euros, roughly $1.1 billion at the time. Club Med is held within Fosun Tourism Group, which itself listed in Hong Kong in 2018 and later explored taking the company private.
Founded in 1950, Club Med operates nearly 70 beach and mountain resorts across 25 countries. The business is widely recognized for its all-inclusive vacation model that bundles lodging, meals, beverages and activities into a single package.
The timing and size of the proposed offering remain subject to market and regulatory conditions, with the firm indicating only that the IPO could take place at the end of this year or in early 2027 and that the target is to raise more than $500 million. The engagement of BNP Paribas, HSBC and JPMorgan signals a multilateral approach to arranging the transaction.
Beyond the mechanics of the sale, Fosun has previously demonstrated strategic flexibility with Club Med through its ownership and the listing and subsequent take-private efforts of Fosun Tourism Group. How those past corporate moves will shape the IPO process has not been detailed.
The planned Hong Kong listing would position Club Med for a refreshed capital structure intended to support growth, while giving investors an opportunity to gain exposure to an established, globally distributed resort operator known for integrated, all-inclusive offerings.