ESR said in its filing to the Hong Kong stock exchange last Friday that it would use the proceeds of the share sale to pare debt, finance completion of projects in its pipeline and to further expand through mergers and acquisitions.
(Mar 6): ESR, the logistics real estate platform backed by Warburg Pincus, is expected to carry out an IPO in Hong Kong within the next two quarters, according to Mingtiandi.
The stock market listing could bring in US$1-1.5 billion ($1.4-2 billion), according to sources familiar with the listing who spoke with Mingtiandi.
