shirble department store

The Shenzhen-based department store operator sells 625 million shares at HK$2.20, the mid-point of the indicated range.

The Shanghai-based luxury property developer becomes the first company to cancel a Hong Kong listing in months as it worries about continued tightening policies targeting the Chinese property sector.

The Shenzhen-based department store operator is looking to raise as much as $205 million, up from a maximum $130 million during a previous listing attempt in July.

Shirble Department Store comes to market at a time when there are bigger names, including Agricultural Bank of China and Guotai Junan Securities, competing for investor appetite for IPOs.