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 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 though HK Electric would hold its position as the largest IPO after it raised $3.1 billion in January.

But the second largest developer of shopping malls and office buildings in the...

¬ 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