China Vanke Unit Guiding H.K. IPO Shares at HK$49.35 Each, Sources Say
- Property manager Onewo offering about 116.7 million shares
- Shenzhen company’s shares slated to start trading next week
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Onewo Inc., the property management unit of real estate developer China Vanke Co., is telling prospective investors it plans to price its Hong Kong initial public offering near the mid-point of its marketed range, according to a person familiar with the matter.
The Shenzhen-based firm is poised to price the offering at HK$49.35 per share, the person said, asking not to be identified as the information is private. At that price, it would raise about HK$5.8 billion ($739 million). The firm is offering about 116.7 million shares at HK$47.10 to HK$52.70 each.