Chinese hotel operator markets $300 million IPO
The operator of Shanghai's Peace Hotel hopes to copy Home Inns' phenomenal run on Nasdaq.
A well-known name and a dizzying performance by one of its US-listed rivals are expected to be two of the key points attracting investors to the initial public offering of ChinaÆs largest hotel operator, Jinjiang International Hotels Development, which started pre-marketing yesterday.
The state-owned enterprise, which runs budget inns as well as landmark hotels like The Peace Hotel in Shanghai, will be the first pure Chinese hotel operator to list in Hong Kong. However, the IPO comes on the...
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