Hong Kong’s lacklustre IPO market could affect the upcoming offering of Onewo, China Vanke’s property services arm. Photo: Jonathan Wong
Hong Kong’s lacklustre IPO market could affect the upcoming offering of Onewo, China Vanke’s property services arm. Photo: Jonathan Wong
IPO

China’s property crisis sinks all as Vanke services arm faces investors in Hong Kong’s moribund IPO market

  • Five Chinese residential services firms that launched IPOs this year have lost a combined US$264.5 million in market value since listing
  • Most of the 41 companies that collected US$12 billion of proceeds from IPOs since 2019 have slumped, many by more than 80 per cent, Bloomberg data shows

Hong Kong’s lacklustre IPO market could affect the upcoming offering of Onewo, China Vanke’s property services arm. Photo: Jonathan Wong
Hong Kong’s lacklustre IPO market could affect the upcoming offering of Onewo, China Vanke’s property services arm. Photo: Jonathan Wong
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