Longfor Group Holdings Ltd.is considering an initial public offering for its property management business in Hong Kong that could raise as much as $1 billion, people with knowledge of the matter said.
The Chinese real estate developer is working withChina International Capital Corp.,HSBC Holdings PlcandJPMorgan Chase & Co.on the proposed first-time share sale, said the people. The listing could take place as soon as first half of 2022, the people said, asking not to be identified as the information is private.
Deliberations are ongoing and details such as timing and fundraising size could change, the people said. Representatives for CICC, HSBC, JPMorgan and Longfor declined to comment.
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