News Snapshot:
Evergrande Property Raises Over $1.8 Billion in Hong Kong IPO Posted on by admin Real estate giant, Evergrande Property, meets lukewarm reception from the capital market as the company raises $1.8 billion in IPO Evergrande Property Services Group was able to raise about $1.8 billion in their Hong Kong IPO, as the stocks were priced at the lower end of expectations due to worries about its debt-laden parent company. “ Evergrande has too much debt…the listing of the property services unit is to save the parent; Evergrande will continue to sell shares (in the unit) after the listing to cut...
