Ming Yuan Cloud launches $796m IPO in Hong Kong

By Jonathan Breen
15 Sep 2020

Ming Yuan Cloud Group Holdings, a Chinese property sector-focused software company, has kicked off its Hong Kong IPO worth up to HK$6.2bn ($796.3m).

The issuer, working with sponsors and global co-ordinators CICC and Citi, began bookbuilding on Monday, following a week of pre-marketing. The Hong Kong retail investor offering began on Tuesday.

The sponsors are leading a team of six bookrunners to market a float of 374.2m shares at HK$15.00 ...

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