Evergrande Property's Hong Kong IPO raises $1.8 billion: sources

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Evergrande Property Services Group's initial public offering in Hong Kong has raised HK$14.3 billion ($1.8 billion), with stock sold at the lower end of the price range, three sources with direct knowledge of the matter said.

FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip/File Photo

Half the funds raised will go to the company with the other half earmarked for its debt-laden parent China Evergrande Group.

 

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