china-real-estate-information-corp-seeks-248-million-from-us-ipo

China Real Estate Information Corp seeks $248 million from US IPO

The spin-off from E-House (China) follows a difficult week for China property IPOs in Hong Kong.

China Real Estate Information Corporation CRIC yesterday launched the roadshow for an initial public offering that is seeking to raise up to $248.4 million ahead of a Nasdaq listing. The deal hits the market on the back of a tough week for Chinese property IPOs in Hong Kong.

The real estate information and consulting services provider is offering 18 million American depositary shares ADS, each equivalent to one ordinary share. The shares are all primary, and the offering represents 13% of the enlarged share capital of the company. A 15% greenshoe, if exercised, could increase the maximum possible deal size to $285.7 million.

There are two sides to the business. First,...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222