Dalian Wanda raises $3.72b in landmark HK IPO

The Chinese property developer priced shares towards the top on Tuesday, becoming Hong Kong's largest IPO in 2014.

Dalian Wanda raises $3.72b in landmark HK IPO

Dalian Wanda Commercial Properties raised $3.72 billion on Tuesday after pricing its initial public offering towards the top of the range, making it Hong Kong’s biggest IPO this year and the largest in real estate globally.

The unit of Chinese billionaire Wan Jianlin’s Dalian Wanda Group’s overcame challenging conditions in China’s real estate market to surpass CGN Power’s $3.16 billion flotation earlier this month.

For 11 months this year, it looked as...

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