ESR Group Limited has announced the successful initial public offering (IPO) of its logistics-focused ESR China REIT (ESR C-REIT) on the Shanghai Stock Exchange.
The REIT’s IPO raised over RMB2.1 billion with 800 million shares priced at RMB2.628 each, underscoring strong investor interest.
ESR retains a 41% stake in the REIT, which attracted 12 cornerstone institutional investors during the offering.
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