Sinopec Engineering aims to price its IPO at between 10 times and 15 times estimated 2013 earnings, compared with the 10 to 11 times that the benchmark Hang Seng Index is trading at, Mr. Lo said.
His more prominent supporters include Hang Lung Properties Chairman Ronnie Chan and Shui On Land Chairman Vincent Lo, ranked 14 and 25 on the Hong Kong Rich List, respectively.