Warburg Pincus-backed e-Shang plans $1 bln HK IPO in 2016-IFR: Reuters

Warehousing developer e-Shang, which is partially owned by private equity firm Warburg Pincus, plans to raise about $1 billion in an initial public offering in Hong Kong, IFR reported on Monday, citing people familiar with the plans.

The IPO is expected for the first half of 2016, added IFR, a Thomson Reuters publication.

e-Shang did not immediately respond to a Reuters request for comment.