us-investors-pile-into-chinese-property-company

US investors pile into Chinese property company

Xinyuan's focus on second-tier cities attracts attention as the company becomes the first Chinese property developer to list in the US.
December 13, 2007
Xinyuan Real Estate made the right call when it decided to list in the US, becoming the first Chinese property developer to do so. According to sources, the company benefited strongly from the fact that many US investors are still underweight Chinese stocks, and because it was the first to offer exposure to the real estate sector, it was also able to escape the negative sentiment that has surrounded many other Chinese stocks in the US since early November.

Xinyuan also showed restraint and priced its offering in the middle of the range at $14, despite attracting about $1.4 billion of demand. At this price, the company raised a total of $245 million. The...
¬ Haymarket Media Limited. All rights reserved.

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