According to Zhito Finance APP, media reports citing insiders indicate that logistics giant GLP is considering listing on the Hong Kong stock market, and this plan may materialize as early as next year. Eight years ago, the Singapore-registered company was privatized by a large investment consortium. Insiders stated that GLP has conducted initial discussions with a few financial advisors regarding the relisting plan.

However, insiders also indicated that it is still too early to determine the listing time and potential valuation of GLP during the IPO, as this will depend on market conditions. According to media reports, the company's total net asset value has reached approximately 20 billion dollars.

GLP stated on its official website that the company focuses on developing and operating logistics real estate, datacenters, wind power, and related technologies, with business operations in 17 countries including Brazil, china, europe, india, japan, usa, and Vietnam. GLP did not respond to media inquiries for comment.

Informed sources indicated that GLP's relisting plan is largely driven by China's economic stimulus measures and support for the real estate sector, which have significantly improved the Chinese stock market in recent months.

Insiders revealed that GLP is one of the largest commercial and logistics real estate management companies globally, and investors' views on the chinese real estate industry will be a key factor in the company's consideration for relisting.

If the relisting in Hong Kong is finalized, analysts expect it will have a significant boosting effect on Hong Kong as an international financial center. In recent years, the total value of listings and trading volume in the Hong Kong stock market have both declined.

According to Dealogic's statistics, companies listed on the Hong Kong stock market have raised approximately 10.1 billion dollars this year, an increase compared to last year, largely due to Midea's significant listing raising about 4 billion dollars in September, but still far below the approximately 51.6 billion dollars raised in 2020.

Prologis stated in October that the company's core profit for the first half of this year reached approximately 2 billion USD. In the statement at that time, Prologis mentioned that its datacenter service revenue significantly grew by 54% year-on-year in the first half of the year, reaching 86 million USD, driven by the large expansion of its business operations in china.

In 2017, a private equity consortium from china, supported by Prologis CEO Ming Mei, successfully acquired this logistics giant listed in singapore for 16 billion SGD (approximately 11.94 billion USD).

It is understood that the consortium includes private equity firm Hillhouse Capital, as well as real estate developers Vanke Group and the investment arm of the bank of china.

In October, Prologis sold the international business of its asset management division GLP Capital Partners to Ares Management Corp for a value of 3.7 billion USD, of which approximately 1.8 billion USD was paid in cash, and the remainder was paid in stocks.

According to Prologis' (GLP) semi-annual report as of the end of June, the company's fund management business managed assets of up to 126 billion USD, with 12.5 billion USD awaiting investment.

As of early October, the asset management department had raised approximately 3 billion USD in new funds globally, including about 2 billion USD raised in the china market.