Pre-marketing starts for Hutchison's port IPO

HPH Trust is expected to raise about $6 billion before listing as a business trust in Singapore next month.

Pre-marketing has started for the upcoming initial public offering of part of Li Ka-shing-controlled Hutchison Whampoa’s container port assets which, at an expected size of about $6 billion, is promising to become the largest ever listing in Singapore. It is also the first multi-billion dollar IPO to hit the Asian markets this year, aside from Chinese aluminium producer China Hongqiao Group which called off its Hong Kong offering of up to $2.2 billion citing volatile market conditions. 

Consequently, the...

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