Club Med IPO could raise at least $500M

Fosun International is reportedly moving closer to a possible public listing for Club Med SAS, with an initial public offering that could raise at least $500 million.

Citing people familiar with the matter, Bloomberg reported that Fosun has chosen BNP Paribas, HSBC and JPMorgan to work on a planned IPO of the holiday resort operator in Hong Kong.

The final size of the offering could still change as discussions continue, Bloomberg reported. 

More banks may also be added to the deal.

Fosun did not respond to Bloomberg’s requests for comment, while representatives for BNP Paribas, HSBC and JPMorgan declined to comment.

Club Med is one of Fosun’s best-known tourism holdings. 

The brand sits under Fosun Tourism Group and operates about 70 resorts worldwide across beach and ski destinations.

The business gives investors exposure to premium travel and resort demand.

Fosun acquired what was then Club Mediterranee in 2015 through a consortium deal valued at 939 million, or about $1.1 billion, following a bidding war with Italian investor Andrea Bonomi that lasted more than a year.

The potential listing comes after Fosun Tourism listed in Hong Kong in 2018, then moved to delist its shares in March 2025 as China’s slowing economy weighed on the tourism sector.

Bloomberg reported in March that Club Med was considering Hong Kong for a possible IPO.

Club Med CEO Stephane Maquaire also told Le Figaro that a listing could happen at the end of this year or in 2027, possibly in Hong Kong or Amsterdam.

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