Hopewell seeks $780 million from property unit spin-off

The IPO comes as the property sector takes a dive due to concerns about rising interest rates, but even so, it was accompanied in the market yesterday by Ascendas Hospitality Trust, which raised $113 million to finance an acquisition.
<div style="text-align: left;"> The Hopewell Centre </div>
<div style="text-align: left;"> The Hopewell Centre </div>
May 31, 2013

Hopewell Hong Kong Properties yesterday launched the management roadshow and bookbuilding for a Hong Kong initial public offering of between HK$5.2 billion and HK$6.05 billion ($670 million to $780 million).

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