KWM counsels Poly Property’s IPO

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King & Wood Mallesons (KWM) advised Poly Property Development on its HK$4.68 billion (US$600 million) initial public offering (IPO) and the listing of its H shares on the main board of Hong Kong Stock Exchange. The listing of 133,333,400 shares was priced at HK$35.1 per share.

The listing involved a spin-off from Poly Developments and Holdings Group, the controlling shareholder of Poly Property. Poly Developments and Holdings is listed on the main board of the Shanghai Stock Exchange.

The KWM team was led by partner Anthony Wan, with support from senior associates Matthew Yim, Candy Tse, Wallace Wong and Jason Choi.

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