li ka shing

The $4 billion to $5 billion deal is scheduled to launch on January 14 and is expected to be followed by a number of other large listings in the first half.

The market remains challenging for new listings and both deals attract modest demand from international investors, with Fosun forced to reallocate shares to retail investors to make up for the lack of institutional interest.

Dynasty Reit is seeking up to $777 million through the offering, which will also have a Singapore dollar tranche.

HPH Trust, which owns and operates key ports in Hong Kong and Yantian, will raise $5.45 billion from its Singapore IPO after fixing the price at $1.01 per unit.

Eight cornerstones will buy $1.62 billion worth of the deal, while the preferential offering will account for at least $388 million to $460 million.

The Hong Kong conglomerate has flagged an intention to spin off its container ports assets in Hong Kong and Guangdong for a separate listing that market sources estimate could raise as much as $5 billion to $7 billion.

Cheung Kong Infrastructure finds strong retail support for its $1 billion issue of perpetual securities.

Hutchison Whampoa will pay $545 million to take HTIL private after asset sales and a spin-off have left the company with four emerging mobile businesses that are all in need of significant capital injections.