China Vanke’s wealth management group plans to IPO up to $783.6 million

Onewo Inc., a Chinese property management company majority owned by developers Chinese Vanke plans to raise up to $783.6 million in an initial public offering in Hong Kong, testing a tough market for new listings amid turmoil in China’s property market Country.

The company is expected to offer shares at prices ranging from HK$47.10 – or $6 – to HK$52.70, according to filings with the Hong Kong Stock Exchange. Kong on Monday. That leaves Onewo valued between $7 billion and $7.84 billion, Vanke said.

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