Excellence Commercial closes books early for HK$3.2bn IPO

By Jonathan Breen
09 Oct 2020

Excellence Commercial Property and Facilities Management Group has closed its IPO early on the back of strong investor demand. It is looking to price its deal at the top of the range, according to a source close to the listing.

Sponsors CMB International and Haitong International wrapped up bookbuilding for the institutional tranche of the float on Friday afternoon, with the original timeline set for next Monday in Hong Kong, when the deal will be priced, said the source.

The way investors have been gunning for the IPO ...

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