Finally, a Hong Kong IPO on the horizon

Underground shopping mall operator Renhe takes on the challenge of becoming the first company to attempt a Hong Kong IPO after the summer.

Renhe Commercial Holdings yesterday kicked off pre-marketing for an initial public offering that sources say will now likely be in the range of $600 million to $800 million. If successful, the Chinese operator and developer of underground shopping centres will be the first company to list in Hong Kong in more than a month and the outcome of the offering is seen as crucial for whether the long list of IPO candidates in the pipeline will be able to launch...

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