Cornerstone scores with Dalian Wanda block

Dalian Wanda IPO cornerstone investor kicks its holdings into touch with a $369.4 million placement.

Cornerstone scores with Dalian Wanda block
Dalian Wanda Chairman Wang Jianlin (left, with FIFA President Sepp Blatter) hopes to win the World Cup for China

One of the biggest cornerstone investors in Dalian Wanda Commercial Properties' initial public offering divested its entire stake after the market close on Tuesday netting HK$2.86 billion $369 million.

While the seller remained undisclosed during the marketing process, investors could easily work out that it was one of the three largest IPO investors based on the original term sheet and the stock's subsequent share price appreciation.

The Kuwait Investment Authority...

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