That’s given the 60-year-old makeup wizard a fortune of about US$900 million based on the top of the offering price range, according to the Bloomberg Billionaires Index.
One of China’s best known makeup artists, Mao Geping, took his beauty company public in Hong Kong, capping a remarkable run that’s seen the former opera performer’s premium powders and lotions defy the nation’s consumer slowdown.
His skincare and cosmetics firm Mao Geping Cosmetics, which lists Tuesday, could raise up to HK$2.1 billion ($362 million) in its initial public offering, according to Bloomberg calculations based on the company’s prospectus, and potentially more with an option to upsize the deal. It’s the first Chinese cosmetics brand to list in the city.
