ESR relaunches $1.45b HK flotation as stock market unfreezes

Logistics real estate developer ESR plans to sell 653.7 million shares priced in the range of HK$16.20 and HK$17.40 ($2.07 to $2.22) per share, to give the company a market capitalisation of up to $6.74 billion, according to a term sheet seen by FinanceAsia.