shimao-starts-premarketing-of-third-chinese-property-ipo-in-as-many-weeks

Shimao starts pre-marketing of third Chinese property IPO in as many weeks

Large and cheap landbank and economies of scale expected to help investors overcome concerns about potential fallout from recent government measures.
Being the third mainland real estate developer to seek a public listing in as many weeks was never going to be easy, especially not after China just announced another round of measures to control the property market.

However, Shimao Property Holdings believes that investors who take the time to look beyond the external noise will find the companyÆs extensive landbank, strong partners and diversified portfolio of high-end residential projects, hotels and retail space to stack up well against its already listed peers.

Shimao, which is looking to raise $500 million to $600 million, is being compared with Shui On Land, which is also in the process of going public in Hong Kong. Both companies to...
¬ 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