trending Market Intelligence /marketintelligence/en/news-insights/trending/gTDRx0GSA9mOelWayBuxaQ2 content esgSubNav
In This List

Times China's property management business launches Hong Kong IPO


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Times China's property management business launches Hong Kong IPO

Times China Holdings Ltd.'s Times Neighborhood Holdings Ltd. launched an IPO of 161,820,000 shares on the Hong Kong stock exchanged.

The property management business is expecting a market capitalization of between HK$3.84 billion and HK$5.27 billion following its IPO based on an indicative per-share price of between HK$4.23 and HK$5.80.

Shares of the spin-off company are expected to commence trading on the stock exchange Dec. 19 under the stock code 9928, subject to various conditions. According to a filing, Times China will not retain any interest in Times Neighborhood's issued share capital upon the completion of the IPO.

Haitong International Securities Co. Ltd. is the sole sponsor, sole global coordinator and sole book runner of the offering. It also serves as one of the joint lead managers alongside Heungkong Securities Ltd.