Evergrande Real Estate Group, which is in the market with a $1.3 billion to $2.1 billion offering, has been struggling to attract enough investors as sentiment for Chinese property stocks remains poor amid concerns of more cool-down measures and rate hikes. Share prices of its closest comps have tumbled 20%-30% during the roadshow, virtually wiping out EvergrandeÆs entire valuation discount and destroying one of the key attractions of the deal.
The institutional portion...
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