Dalian Wanda Will Be Listed In Hong Kong Or Become The World'S Second Largest Commercial Real Estate Developer.

Foreign media said China's largest commercial real estate group, Dalian Wanda, hopes to raise as much as $3 billion 900 million by issuing its first public offering (IPO) in Hongkong on the 8 day, which will make the group the second largest pure commercial real estate developer in the world, behind Simon real estate group.

According to the financial times December 8th, Wang Jianlin, founder of Wanda, is well known for his attempt to acquire a Hollywood film studio, investing $1 billion 200 million in Losangeles Will Hill Boulevard, and buying US cinema line in 2012 for $2 billion 600 million. But Wanda Commercial Real Estate in Dalian is still the backbone of his rise in the list of China's richest men.

If the IPO fully implements Wanda's goal of raising $3 billion 900 million, the group's market capitalization will approach us $25 billion, behind Simon's $56 billion, but surpass $15 billion from Australia's west field.

Wanda is well known for its Wanda Plaza project, which is developed in all major cities throughout the country. These commercial real estate collections are integrated into retail, office, hotel, housing and entertainment.

Wanda's wide coverage in China is unusual for Chinese developers.

Chinese developers often find it difficult to expand their brands to new provinces because of the intricate regulatory restrictions between local governments.

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Wanda will raise US $3 billion 200 million at the end of the calculation, which will still be the largest IPO in Hongkong this year, exceeding the US $3 billion 160 million raised by last week's largest nuclear power company China wide nuclear group.

At the end of the year

Activities may raise Hongkong's capital raising from fourth to second only to New York this year, though

Listed Chinese companies do not perform as well as those listed in New York or Shanghai.

The price range of Wanda in Dalian is lower than last week's expectation that it could raise up to 4 billion 500 million dollars.

Although the forecast of a maximum of US $6 billion has declined compared with the previous period, bankers close to the paction said that the 3 billion to 4 billion dollar fundraising range is most likely.

HSBC and China investment bank CICC are the sponsors of Wanda Commercial real estate listed in Hongkong.

UBS, Goldman Sachs and CICC are the book managers of this listing.