Hong Kong blockbuster

ESR: Logistics giant catching the last IPO train

Asia’s third-largest logistics group is the last among its competitors to pursue a public listing of shares. Its $1.24 billion Hong Kong IPO is being launched on the back of soaring demand for high-quality logistics assets.

Danny Leung

June 05, 2019

ESR Cayman, one of Asia’s largest warehousing companies, has kicked off a HK$9.76 billion ($1.24 billion) initial public offering that is set to leave Hong Kong in a stronger position against its regional rivals in the race to host prime logistics companies.

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