Future Land Development

IPO research: theory and practice

IPO research: theory and practice

Pre-IPO research has once again been in the spotlight in two recent Hong Kong transactions. In both, the issuers were said to have been leaning on brokers to produce valuations that met their expectations.

Monday, 3 December, 2012, 4:26am

Mixed reaction from investors for trading debuts in Hong Kong

Investors will find value in PICC, says chairman Wu Yan, above.

Shares of bedding maker Casablanca and mainland property firm CIFI headed in opposite directions on their Hong Kong debut yesterday, indicating fresh investor appetite for the domestic consumer sector at the expense of bubbly real estate.

24 Nov 2012 - 3:59am

Future Land, undeterred by lukewarm Hong Kong capital market, plans $2.54b IPO

Wang Zhenhua, Chairman, Future Holdings, Future Land Development Holdings Limited briefs to media on their global offering press conference at Island Shangri-la.

Future Land Development, a property developer based in Jiangsu province, plans to raise up to HK$2.54 billion from an initial public offering (IPO) in Hong Kong, undaunted by the lukewarm capital market.

The company is offering 1.42 billion shares priced between HK$1.45 and HK$1.79 each. Final pricing is expected on November 28, with trading due to begin the next day.

19 Nov 2012 - 4:13am

Five firms plan to raise US$613m in Hong Kong as investor sentiment picks up

At least five companies are poised to begin initial public offerings to raise more than a combined US$3.6 billion in Hong Kong this month as investor sentiment shows signs of improvement.

Mainland property firms CIFI and Future Land Development, local restaurant chain operator Tsui Wah, and bedding retailer Casablanca yesterday announced they will launch their offerings this month.

13 Nov 2012 - 5:01am