CIFI Holdings launches Hong Kong IPO

The Shanghai-based property developer seeks to raise up to $267 million through the deal, with the price range indicating a 62%-69% discount to net asset value.
<div style="text-align: left;"> Beijing: Cifi is keen to boost its land bank in China's capital among other places </div>
<div style="text-align: left;"> Beijing: Cifi is keen to boost its land bank in China's capital among other places </div>
November 13, 2012

CIFI Holdings, a Shanghai-based property developer, kicked off the roadshow for its Hong Kong initial public offering yesterday, aiming to raise between HK$1.67 billion and HK$2.07 billion ($215 million to $267 million).

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