Dalian Wanda builds momentum for $5.5bn IPO
The Hong Kong ECM market is preparing for the largest IPO since 2011 with Dalian Wanda Commercial Properties hitting the road on Wednesday for its jumbo listing of around $5.5bn. Cornerstone investors are already queuing up and many international names are also putting in bids — a clear indication that the deal is not going to be a friends and family affair that is characteristic of many Hong Kong listings.
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