shui-on-land-hits-the-market-with-11-billion-ipo

Shui On Land hits the market with $1.1 billion IPO

Developer of Shanghai's Xintiandi district said to see good investor interest despite recent government measures.
One of Hong KongÆs most anticipated initial public offerings in the property space this year will hit the market today when Shui On Land launches the official road show for a deal which aims to raise just over $1.1 billion.

The company, which is part of Hong Kong entrepreneur and property tycoon Vincent LoÆs Shui On Group, has built a name for itself in recent years primarily through its landmark Xintiandi development in Shanghai. It is also currently working on six large-scale urban projects that aims to redevelop and modernise run-down city areas.

The projects, which have the support of local governments in four cities, are part of a trend that sees about 20 million...
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