IPO

ESR relaunches $1.45b HK flotation as stock market unfreezes

The revival of the Warburg Pincus-backed firm's delayed June initial public offering shows that social unrest has not dented confidence in Hong Kong's IPO market.

Elizabeth Utley Carol Huang

October 21, 2019

Logistics real estate developer ESR plans to sell 653.7 million shares priced in the range of HK$16.20 and HK$17.40 ($2.07 to $2.22) per share, to give the company a market capitalisation of up to $6.74 billion, according to a term sheet seen by FinanceAsia.

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