Warburg Pincus-backed ESR Cayman calls off HK’s largest IPO this year

Co-CEO Stuart Gibson, Chairman Jeffrey Perlman and Chief Financial Officer Wee Peng Cho of the logistics real estate developer ESR Cayman Ltd attend a news conference on the company's IPO in Hong Kong, China June 5, 2019. REUTERS/Julie Zhu

ESR Cayman Ltd, a Warburg Pincus-backed pan-Asia logistics real estate platform, has announced the postponement of its proposed listing on the Hong Kong Exchange, cancelling what would have been the city’s biggest initial public offering (IPO) this year.

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