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1821 - ESR Cayman News Story

HK$19.2 -0.1  -0.3%

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Sector
Financials
Size
Large Cap
Market Cap £5.79bn
Enterprise Value £7.32bn
Revenue £273.1m
Position in Universe 222nd / 5988

Warburg-backed ESR shares set to rise 4.8% in Hong Kong debut

Fri 1st November, 2019 1:20am
HONG KONG, Nov 1 (Reuters) - Industrial property investor
ESR Cayman Ltd  1821.HK  shares were set to open up 4.8% on
their debut in Hong Kong on Friday, after raising $1.6 billion
in an IPO last week.
    Shares in ESR, backed by private-equity investor Warburg
Pincus LLC  WP.UL , were set to open at HK$17.60 ($2.25) versus
its initial public offering price of HK$16.80 per share -
mid-point of guided marketing range.  urn:newsml:reuters.com:*:nL4N27B02K
    ESR, which manages a range of property-focused funds and its
own property investments, relaunched its IPO last week following
a failed attempt in June that would have raised up to $1.24
billion.
    ($1 = 7.8377 Hong Kong dollars)

 (Reporting by Scott Murdoch; Editing by Himani Sarkar)
 ((sumeet.chatterjee@thomsonreuters.com; +852-2847 2094))
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