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China Resources Mixc Said to Raise $1.6 Billion in Hong Kong IPO

  • Property management firm prices shares at top of the range
  • Developers are spinning off their service units at record pace
First Trading Day At The Hong Kong Stock Exchange After The Lunar New Year
Photographer: Xaume Olleros/Bloomberg

Property management company China Resources Mixc Lifestyle Services Ltd. has raised $1.58 billion after pricing its Hong Kong initial public offering at HK$22.30 per share, the top of a marketed range, according to people familiar with the matter.

The services arm of developer China Resources Land Ltd. sold 550 million new shares in the IPO, the people said, asking not to be identified as the information isn’t public. An external representative for the company declined to comment.