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2018 11-13

Grandall Assisted Realway Capital Boarding HKEx

Shanghai Realway Capital Assets Management Co., Ltd. (“Realway Capital”) successfully started IPO on the Mainboard of the Hong Kong Stock Exchange (HKEx) on November 13, 2018 (stock code: 1835).

Founded in 2010, Realway Capital is an asset management company specializing in real estate fund management and one of the top 10 players in the PRC real estate fund market. It mainly focuses on distressed asset projects, commercial real-estate projects and urban construction projects, and engages in private fund management based on real estate investment. As of June, 2018, its AUM is around RMB 5 billion.

Realway Capital offered 38.34 million shares in total, among which 7.668 million shares were in public offering, approximately equivalent to 5.59 times the total shares available for subscription under the public offering. The offering prices has been fixed at HK$5.0 per share finally, and around HK$ 142.9 million were raised in total (after deducting underwriting fee, commission and other estimated expenses in relation to the offering).

Grandall Shanghai has been retained as the counsel to the issuer and assisted Realway Capital in its IPO on the Hong Kong Stock Exchange (HKEx). Moreover, Realway Capital is the first Chinese PE fund company boarding on HKEx upon the approval of CSRC. This project was led by Liu Wei, executive partner of Grandall, and Zhou Ruoting, partner of Grandall Shanghai. Other members of the team include Sun Ban and Shi Jiajia. 

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