chinese-hotel-operator-markets-300-million-ipo

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 heels of an extremely well-received listing of Chinese budget hotel operator Home Inns Hotels Management on Nasdaq last month, which served as a clear indication of the strong appetite for this type of stock and...
¬ 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 subscription (2-5 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 subscription (2-5 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