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China’s Dalian Wanda receives HK stock approval for $6b IPO

China’s Dalian Wanda receives HK stock approval for $6b IPO

HON KONG: The world’s second largest developer of shopping malls and office buildings Dalian Wanda Commercial Properties Company Limited received approval on Monday from Hong Kong’s stock exchange for up to $6 billion initial public offering (IPO).
A unit of billionaire Wang Jianlin’s Dalian Wanda Group got the go ahead from the listing committee of the exchange.
Further it will start measuring investors’ interest for the IPO starting on Wednesday, with a roadshow starting on Dec. 8.
The exchange’s decision is not yet public. It will be the largest new listing in Asia ex-Japan in four years.