Evergrande prepares $1.5 billion property IPO
The company hopes to attract investors with a huge nationwide land bank and a significant ramp-up in completed projects this year.
Given the large number of Chinese real estate companies that are queuing up to go public in Hong Kong, it is perhaps logical that the first batch of listing candidates to test the market after the correction in January includes a developer. And with investorsÆ heightened concern about aftermarket liquidity it is perhaps also not surprising that it is one of the major players that has decided to have a go.
Property stocks were under a lot of selling pressure...
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