Warburg-backed ESR likely to raise $1.6b in Hong Kong IPO

Warburg-backed ESR likely to raise $1.6b in Hong Kong IPO

(L-R) ESR Cayman co-founder and co-CEO Stuart Gibson, ESR chairman and Warburg Pincus managing director and head of Southeast Asia Jeffrey Perlman, and ESR group chief financial officer Wee Peng Cho.

ESR Cayman Ltd., a logistics real estate developer, is set to raise $1.6 billion as it’s planning to price its initial public offering at the middle of a marketed range, people familiar with the matter said.

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