Powerlong Commercial pre-markets $200m Hong Kong listing

By Jonathan Breen
10 Dec 2019

Chinese property manager Powerlong Commercial Management Holdings is meeting with prospective investors this week to gauge interest in its Hong Kong IPO, according to a source familiar with the matter.

The company is looking to raise $150m to $200m from the deal, according to the source. Working with sole sponsor ABC International, Powerlong is expected to launch the IPO roadshow next week.

Powerlong won approval for its listing last week and submitted its final documents to the stock exchange ...

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