Shares of logistics real estate developer ESR Cayman jumped in its debut in Hong Kong on Friday — the second-largest IPO in the city this year.
This was ESR Cayman's second attempt at a listing in Hong Kong, after it pulled its first one in June — when the ongoing unrest in the city first started.
That was ESR Cayman's second attempt at a listing in Hong Kong, after it pulled its first one in June, just as the ongoing unrest in the city started. Speaking to CNBC on Friday before trading began, the firm's Chairman Jeffrey Perlman, said: "Sometimes you can't pick the geopolitical and macro environment, and when we really ... looked at the situation in June, it just wasn't the right time for the company." Perlman is also managing director and head of Southeast Asia at Warburg Pincus.
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