four-mainland-property-developers-plan-ipos

Four mainland property developers plan IPOs

Yanlord launches roadshow for Singapore listing, but delays setting a price range in the hope market will stabilise.
May 23, 2006
There has been a significant correction in global stock markets and China has just flagged another round of measures to prevent its property market from overheating. However, that has not stopped four mainland property developers from readying to tap the IPO market. Collectively they are looking to raise up to $2.4 billion over the next month or so.

First out of the gates will be Yanlord Land Group, which launched a formal roadshow yesterday for a Singapore IPO that aims to raise about $350 million. It will be followed by Shui On Land, which earlier this week began pre-marketing for a Hong Kong IPO of about $1 billion. HSBC will buy $100 million worth of...
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