If at first you don’t succeed, then wait a few months and try again.
That’s the word from ESR Cayman Ltd., an Asia-focused logistics facilities designer and operator that is seeking to raise as much as HK$11.4 billion ($1.45 billion), in a revived listing plan that could become Hong Kong’s second-largest initial public offering (IPO) this year, according to a newly filed company prospectus.
The company, co-founded by private equity company Warburg Pincus, has set a price range for its planned sale of about 653.68 million shares at between HK$16.2 and HK$17.4 each, according to its prospectus filed with the Hong Kong stock exchange on Monday. It plans to price the offering on Oct. 25 and begin trading on Nov. 1.
In June, ESR postponed its original listing plan in Hong Kong because of an unfavorable geopolitical environment, chairman Jeffrey Perlman said in a news briefing on Monday.
Read the full story on Caixin Global later today.
Contact reporter Tang Ziyi (firstname.lastname@example.org)