Stocks News
- Soho China seeks US$1.65b listing
Date: 18-Sep-2007 Sources: (Shenzhen Daily)
SOHO China Ltd. plans to raise as much as HK$12.9 billion (US$1.65 billion) in a Hong Kong initial public offering (IPO), the latest mainland developer to skirt a clampdown on bank loans by tapping capital markets to fund growth in a booming property market in China.
The firm will price each of its 1.549 billion shares at between HK$6.30 and HK$8.30, a source familiar with the deal said. Of the shares on offer, 1.25 billion are new and seven cornerstone investors will take up a combined US$300 million worth.
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