Logistics firm ESR is reviving its Hong Kong IPO plans again after postponing an effort in June. Morgan Stanley has been enlisted to lead the $1.4 bln deal over Deutsche Bank and CLSA. It may be a sign of things to come. AlecMac11
ESR Cayman, which develops and manages warehouses for e-commerce companies, has restarted its Hong Kong initial public offering after shelving the deal in June, Reuters reported on Oct. 21, citing a term sheet it was shown.
The company is looking to sell about 654 million shares and raise between $1.35 billion and $1.45 billion from the offering, according to the report. Shares are being marketed at an indicative range of HK$16.2 to HK$17.4 each, which would give ESR a market capitalisation of $6.3 billion to $6.7 billion.
Canadian pension fund OMERS Administration Corporation has committed $585 million as a cornerstone investor, based on the mid-point of the price range, according to the term sheet.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
10 Reasons Not To Invest In The Saudi Aramco IPOThe world is glutted with oil right now even after the near total collapse of Venezuela and the blockade on Iranian crude
Weiterlesen »
10 Reasons Not To Invest In The Saudi Aramco IPOThe world is glutted with oil right now even after the near total collapse of Venezuela and the blockade on Iranian crude
Weiterlesen »
Asian share markets cautious, pound stumbles on Brexit dramaAsian stocks were steady in a cautious start to the week on Monday, while the Br...
Weiterlesen »
Asian share markets cautious, pound stumbles on Brexit dramaAsian stocks were steady in a cautious start to the week on Monday, while the Br...
Weiterlesen »
Sterling opens lower in Asia after Brexit deal vote delaySterling opened lower in Asian trading on Monday after a UK parliament vote on P...
Weiterlesen »
Asian shares edge higher, pound stumbles on Brexit dramaAsian stocks edged higher on Monday as Chinese shares reversed early losses due ...
Weiterlesen »