Investors who have been waiting to buy shares in a Chinese developer at the kind of discounted prices only seen in initial public offerings may finally get their chance. On Monday, Glorious Property Holdings kicked off the institutional roadshow for its long-awaited IPO, which, if successful, will result in the first listing of a pure Chinese property play in more than a year.
Glorious isn't likely to be the only one, however. Bankers estimate that as many as 10 other developers are currently at various stages of preparation for a Hong Kong listing over the next few months. That said, Glorious will be one of the larger ones, which is reason enough for investors...
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