chinese-property-company-to-list-in-us

Chinese property company to list in US

Xinyuan Real Estate, an asset-light developer with a focus on China's tier-2 cities, is seeking to raise up to $263 million.
Xinyuan Real Estate is set to become the first Chinese property developer to list in the US after kicking off the marketing for its $227.5 million to $262.5 million initial public offering yesterday.

The deal, which is led by Merrill Lynch, will offer investors a rare opportunity to gain exposure to the property market in ChinaÆs rapidly-growing tier-2 cities. Set up in 1997 with the aim of building comfortable and convenient, yet affordable, housing for mid-income earners in Zhengzhou City in Henan Province, the company has over the past year expanded into four other tier-2 cities.

These cities are a major magnet for the migration of the Chinese population from rural to urban areas, which...
¬ 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