Dalian Wanda Seen Pricing IPO Toward Low End

(Beijing & Hong Kong) – Dalian Wanda Group has been forced by recent market turbulence to lower the bottom of the price range for the planned flotation of its commercial property unit.

Despite the test of investor appetite for the real estate sector, Dalian Wanda Group described the debut as, "a 15-year old boy full of vigor and bullish spirits through the sky," in a WeChat entry on December 8 to kick off an IPO road show for the unit's Hong Kong listing.