Guorui joins Hong Kong real estate IPO rush

Agile_resized_230px.jpg
By Rev Hui
26 Jun 2014

A crowded Hong Kong real estate market has just got busier thanks to Guorui Properties, which started marketing on June 23 for an IPO that could be worth as much as HK$1.88bn ($243m).

Guorui is selling 662m primary shares at an indicative price range of HK$2.30-HK$2.84 and is looking to wrap the transaction up quickly, with books scheduled to run for only three and a half days until June 26. Final pricing will be announced on June 27.

If successful, the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial