Hong Kong's New World Aims for $1 Billion IPO
A number of key hospitality assets are driving Hong Kong's New World Development's plan to launch an IPO in the second quarter of this year.
The financial press is saying the IPO may be able to a raise up to $1 billion.
New World's Hong Kong Assets include three properties managed by Hyatt International.
The cashing up exercise could fuel the company's expansion of their trio of hotel brands – Rosewood, New World and Pentahotels.