Link Reit priced its IPO at the top end of a HK$10.51 to HK$10.83 indicative price range this weekend, raising gross proceeds of HK$23.7 billion $3.04 billion for the Hong Kong government post greenshoe. The 2.1889 billion share deal broke a number of records including largest ever global Reit IPO by a factor of five most aggressively priced Reit IPO relative to NAV largest Asian equity deal of 2004 largest Hong Kong government privatization to date and largest retail order book.
Total demand for the deal amounted to $75 billion, just shy of the $80 billion accumulated by China Life this time a year ago for a...
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