Wanda expected to push $10 billion IPO

Night view of a Wanda Plaza of Dalian Wanda Commercial Properties Co Ltd in Shanghai, July 28, 2014. [Photo/IC]

Dalian Wanda Commercial Properties is planning to launch a global roadshow in December, to raise more than $10 billion for its initial public offering in Hong Kong, reported Shanghai-based thepaper.cn.

The company filed its application documents in September, according to the Hong Kong Exchange's website, but didn't give a specific timetable or offering size in the first draft of its prospectus.

According to thepaper.cn, Dalian Wanda Commercial plans to raise at least $10 billion in the IPO, which is larger than expected. Bloomberg Business previously quoted an insider that the offering size would be around $6 billion.

The IPO might make Wang Jianlin, chairman of Dalian Wanda Group, the top ranking person on the list of richest Chinese again, according to thepaper.cn.

China International Capital Corp and HSBC are listed as sponsors for the IPO, according to a listing document filed by the company.

Dalian Wanda Commercial currently operates 100 shopping plazas and 60 five-star hotels across China, according to the company's website.