Evergrande property manager finds big demand for IPO

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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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