Win Hanverky Holdings, the largest apparel supplier for the adidas Group in China, is likely to price its initial public offering shares close to the top of the indicated range after its retail tranche was more than 300 times oversubscribed, The Standard reported, citing market sources. The company would raise 714 million HK dollars (89.25 million US dollars) by selling 300 million shares. Retail orders for the Win Hanverky IPO tied up more than 20 billion HK dollars (2.5 billion US dollars) in funds, and the retail portion of the offering will be increased to 50 percent of the total from the initial 10 percent, sources said. Win Hanverky owns nine production facilities in China, Vietnam, the Philippines and Jordan. Its profit last year increased 96 percent to 242 million HK dollars (31.02 million US dollars). It has worked with global sport apparel giant adidas for 20 years. Other clients include Reebok, Umbro and Diadora.