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1821 - ESR Cayman News Story

HK$19.52 0.1  0.5%

Last Trade - 07/08/20

Large Cap
Market Cap £5.84bn
Enterprise Value £7.37bn
Revenue £271.8m
Position in Universe 222nd / 5983

ESR Cayman increases size of Hong Kong IPO to $1.6 bln - sources

Fri 25th October, 2019 8:12am
By Scott Murdoch
    Oct 25 (Reuters) - Property investor ESR Cayman  1821.HK  is
increasing the size of its Hong Kong IPO to $1.6 billion by
selling more shares, and  potential investors have been told the
float will be priced at the mid point of an indicated range, two
sources said.
    ESR, backed by private equity firm Warburg Pincus, is due to
formally set the final price of the deal on Friday night in New
York, according to the sources, who could not be identified
because the information has not yet been made public.
    The company this week relaunched what could be Hong Kong's
second-biggest IPO this year. It set a price range of HK$16.2 to
HK$17.4 a share for the float. The midpoint is HK$16.8 a share. 

 (Reporting by Scott Murdoch; Editing by Muralikumar
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