Sunac raises $336 million from relaunched IPO

The Chinese property developer relies on cheap valuations and cornerstones as it returns to the market 10 months after its previous listing attempt.

Consumer retail, mining and renewable energy have been three key themes in the Hong Kong IPO market over the past month and some investors have also started to look ahead to AIA Group’s $15 billion offering which kicks off bookbuilding today. But alongside those high-profile deals, investors are also pumping money into several lesser known stocks, which may not reach spectacular subscription levels, but are still achieving their goals of going public and as such are the real testament to the depth of the Hong Kong market.

One of these companies is Sunac China Holdings, a Tianjin-based residential property developer, which has tried to list no fewer than three times -- although the first couple...

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