Langham Hospitality raises US$550m in Hong Kong IPO | scmp.com

Langham Hospitality Investments, an investment trust controlled by property developer Great Eagle Holdings Ltd, raised about US$550 million in an IPO on Thursday, the first of several issuers looking to benefit from a surge in investors’ demand for commercial property and high-yield securities in Hong Kong. The investment trust offered 852.2 million share stapled units at HK$5 each, putting the total deal at HK$4.