News Snapshot:
TikTok mess is a trap for America’s next president Context News Chinese property manager Sunac Services on Nov. 6 launched an initial public offering seeking to raise up to $1.1 billion in Hong Kong, a day after rival KWG Living kicked off another deal seeking up to $800 million. At least 12 real estate developers have floated their property management units in Hong Kong in the past twelve months. Two, including Sunac, are currently marketing their shares to investors and another six, including Evergrande, have filed applications to list with the Hong Kong exchange.
