Agile Property showcases IPO

Chinese property developer hopes to demonstrate its agility by piggy backing on Guangzhou R&F''s trading performance.

Pre-marketing began this Monday November 14 for a $250 million to $350 million IPO by Guangdong-based property developer Agile Property. The Morgan Stanley led deal follows a similar IPO in mid-July for Guangzhou RF Properties, which just about scraped through the primary market, but has gone on to double in secondary market trading.

The two companies share a number of similarities. Both have big operations in Guangdong province, although Agile derives almost 100% of its...

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