Dalian Wanda's $5b IPO faces challenges

The Chinese real estate developer aims to raise up to $5 billion in an IPO, but the timing is not ideal as sentiment sours on the sector.

Dalian Wanda's $5b IPO faces challenges
The Wanda Group opened its 93rd plaza in Jinhua, Zhejiang Province in July

Dalian Wanda Commercial Properties, which aims to be one of Hong Kong’s largest IPOs in recent years, is attempting to come to market at one of the most challenging times for China’s real estate markets.

Despite the government’s efforts to stimulate China’s property market, it continues to struggle. Home prices in China fell 0.3% in August from the previous month, and although nationwide housing prices are up 4% year-on-year, it was the fifth consecutive...

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