soho-china-and-aoyuan-raise-maximum-from-ipos

Soho China and Aoyuan raise maximum from IPOs

Soho China attracts $100 billion of institutional demand as Sino-Ocean surges 43% on debut and the Hang Seng Index climbs to a new record.
In a week that saw the Hang Seng Index gain 5% and push above 27,000 points for the first time ever without so much as a glance in the rear-view mirror, it was no surprise that another two property developers were able to price their Hong Kong IPOs at the top.

The larger of the two, commercial real estate developer Soho China, set its price at HK$8.30 for a total deal size of HK$12.87 billion $1.65 billion, while Guangdong-based residential developer China Aoyuan Property Group raised HK$3.64 billion $467 million after confirming the price at HK$5.20 per share.

Given the strong demand for stock, neither company is likely to...
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