Evergrande property manager finds big demand for IPO

By Jonathan Breen
26 Nov 2020

Evergrande Property Services Group, the property management arm of embattled developer Evergrande Group, was wrapping up its Hong Kong IPO on a strong note as GlobalCapital Asia went press, with proceeds of up to HK$15.8bn ($2bn) looking within reach.

Bankers had not set the final price by Thursday afternoon but the deal was covered across the marketed range after a four-day roadshow, according to two sources familiar with the matter.

It appears the IPO could entirely escape the shadow of its parent, which has only recently addressed ...

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