Languang Justbon scores with HK$1.6bn IPO

China property Fuzhou_230px
By Jonathan Breen
15 Oct 2019

Property manager Sichuan Languang Justbon Services Group has raised HK$1.59bn ($202.3m) from its IPO, after a surge of demand from institutional and retail investors, according to a source close to the deal.

The Chinese company took its sponsors' advice and opted to hold an accelerated roadshow of just four days, “overlaying” the international and local offer periods. By running the two at the same time bookbuilding can be shortened from the more typical length of one-to-two weeks.

Sponsors ABC International ...

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