Freshfields Bruckhaus Deringer has advised a consortium of bookrunners on the US$3.7bn IPO of Dalian Wanda Commercial Properties Co., Ltd (Dalian Wanda Commercial), which listed on the Hong Kong stock exchange today.

The initial offering contained 600,000,000 H-shares at a price of HK$48 (US$6.19) per share and is the largest IPO to take place in Hong Kong during the 2014 calendar year.

Freshfields advised a group of 19 financial institutions in their capacity as joint bookrunners for the listing.

Dalian Wanda Commercial is one of China’s largest commercial real estate investors and operators, with more than 100 large-scale developments throughout cities in mainland China.

China Chairman Teresa Ko, who led the Freshfields team advising on the transaction, said that the deal was a landmark deal for Asia’s capital markets.

Commenting on the transaction, Ms Ko said: ‘Dalian Wanda has quickly become a leading name in China’s rise as a centre of global commerce.

Today’s IPO gives investors a chance to become part of that success and we congratulate our clients on their role in bringing this listing to the market.’

The Freshfields global capital markets team was led by corporate partners Teresa Ko and Richard Wang, and US corporate partner Calvin Lai.