China Logistics raises $433m with feisty pricing

The Chinese warehouse and logistics parks operator adopts aggressive pricing on its IPO despite an underwhelming response from investors.
China Logistics Property's warehouse in Shenyang, China
China Logistics Property's warehouse in Shenyang, China

China Logistics Property stunned the market on Thursday by pricing its HK$3.4 billion ($433 million) Hong Kong initial public offering at the top-end of price guidance, despite a less-than-stellar order book.

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