Institutions lend support to Dalian Wanda listing

Healthy appetite allows company to fix share price at top end of range

Healthy interest from global institutional investors has given Dalian Wanda Commercial the much-needed leeway to fix the initial public offer price for its shares at the top end of the indicative range, capital market sources said on Tuesday.

According to sources, the recommended price of the shares offered for sale by Dalian Wanda Commercial Properties in Hong Kong is HK$48 ($6.19), and is at the upper end of the indicative range of between HK$41.80 and HK$49.60.