Hong Kong ends on high note as Wanda closes $3.7bn debut

Dalian Wanda Commercial Properties pulled off one last hurrah for Hong Kong’s IPO market this week, raising HK$28.8bn ($3.7bn) in the city’s largest listing for more than three years. The property developer, owned by Chinese billionaire Wang Jianlin, priced its shares on December 16 at HK$48.00, near the top end of guidance, despite niggling fears about China’s cooling property sector, writes John Loh.