China Xiniya Fashion Limited, a specialty retailer that designs and manufactures men's business casual apparel in China, announced terms for its IPO on Monday. The Jinjiang-based company plans to raise $80 million by offering 8 million ADSs at a price range of $9-$11. At the mid-point of the proposed range, China Xiniya Fashion will command a market value of $580 million. China Xiniya Fashion, which was founded in 2005 and booked $100 million in sales last year, plans to list on the NYSE under the symbol XNY. Cowen & Company is the lead underwriter on the deal, which is expected to price during the week of November 22.
