Reed Smith and Freshfields Bruckhaus Deringer are advising on the IPO of a Chinese real estate company owned by billionaire and China’s fourth richest man, Wang Jianlin.
The developer Dalian Wanda Commercial Properties – a unit of the Dalian Wanda Group – is hoping to raise around $6bn according to media reports, which would make it the largest Hong Kong IPO since the $10bn Hong Kong-London dual listing of Glencore International in May 2011, and the largest ever IPO by a real estate company in Hong Kong.
