Dalian Wanda boosts HK appetite for floats

As Wang Jianlin, the high-profile chairman of conglomerate Dalian Wanda Group, sat down with investment bankers and potential investors in Hong Kong on Monday to discuss the proposed $3.9 billion initial public offering of his commercial property unit, excitement and anticipation heightened among capital market circles.

While much of that excitement stemmed from Wanda's impending float, it was also partly to celebrate Hong Kong's growing prowess as an important global IPO destination.

Dalian Wanda Commercial Properties Co Ltd last week got the green light from the Hong Kong bourse officials for its 600 million new share issue, which most analysts expect to be priced between HK$41.8 ($5.38) apiece to HK$49.8.