/comment"}}]}]17:T7bb,Mainland property management firm New Hope Service launched its Hong Kong initial public offering today to raise up to HK$940 million.

The Sichuan-based company is offering 200 million shares at an indicative price range of HK$3.8 to HK$4.7. It attracted six cornerstone investors which agreed to subscribe a combined US$49.4 million (HK$385.32 million) worth of shares, including Xiaomi (1810), Fosun International (0656), and KE Holdings, a China-based real estate services provider listed in the United States.

The minimum investment is HK$4,747.36.

New Hope Service is set to debut on May 25.

Meanwhile, Chinese online lender LexinFintech is planning a secondary listing in Hong Kong to raise between US$200 million (HK$1.56 billion) to US$300 million as soon as the second half this year, Reuters' IFR reported.

The Shenzhen-based firm, which operates the consumer lending platform Fenqile, raised US$108 million through a US IPO in December 2017, much lower than its previous target of about US$500 million. That came as Chinese regulators launched a campaign targeting the online micro-lending industry.

Separately, the South Korean mining company Free Good will file for a Hong Kong listing soon, aiming to raise US$10 million, according to Yonhap News Agency.

In other news, SF Real Estate Investment Trust, a spin-off of delivery giant SF Holdings, priced its Hong Kong listing at between HK$4.95 to HK$5 apiece, close to the top end of the marketed price range, IFR reported.

LexinFintech is planning a secondary listing in Hong Kong. SING TAO

Property manager launches $940m IPO