First Hong Kong IPO in 2011 by PRC property company

    | BY

    Candice Mak

    Shenzhen-based property developer, Top Spring International Holdings (Top Spring) was listed on the Hong Kong Stock Exchange, its initial public offering…

    Shenzhen-based property developer, Top Spring International Holdings (Top Spring) was listed on the Hong Kong Stock Exchange, its initial public offering (IPO) and rule 144A/Regulation S international offering raising US$200 million. The proceeds will be used to acquire new development projects in China, and as general corporate and working capital.

    The underwriters were Macquarie Capital Securities, HSBC and Nomura International.

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