Hong Kong"s IPO market is experiencing a renewed interest from property tycoons, which is a significant change after a period of limited involvement.
Sino Land Co., owned by billionaire Robert Ng, has become a major investor in the recent $793 million listing of courier service SF Holding Co. This investment demonstrates confidence in the market"s recovery trajectory.
Additionally, an investment vehicle associated with Henry Cheng, Chairman of New World Development Co., is one of the ten parties committed to purchasing shares in the offering, ensuring a guaranteed allocation. The participation of prominent property figures in the IPO market could strengthen the momentum of its rebound in Hong Kong.