KWG Properties to raise up to $582 million from IPO

The Guangzhou-based developer will set aside about 25% of the offering for four cornerstone investors, including fellow property company Guangzhou R&F.

Mid-sized Chinese real estate developer KWG Properties has set the indicative price range for its initial public offering at a level that could see it raise up to HK$4.55 billion $582 million.

According to sources, the company will offer 25% of its enlarged share capital, or 625 million new shares, at a price between HK$5.90 and HK$7.28 per share. The institutional roadshow will kick off today and the Hong Kong retail offering will follow on June...

To continue reading, please login or register for free

Click for more on: ipo | property | guangzhou | morgan stanley

Print Edition

FinanceAsia Print Edition

CONFERENCES