高瓴、厚朴等加持，普洛斯中国准备IPO了

Core Viewpoint - GLP, a global logistics and industrial infrastructure operator, is planning an IPO for its China business, potentially in 2026, as confirmed by a board member at a recent conference [3][4]. Group 1: IPO Plans - The IPO is not GLP's first venture into the capital markets; it was previously listed in Singapore in 2010 after being sold by ProLogis during the 2008 financial crisis for $1.3 billion [3]. - In 2017, a consortium of Chinese investors, including Hillhouse Capital and Vanke, privatized GLP for $11.6 billion, marking one of Asia's largest private equity transactions [3][4]. - The IPO plan aligns with GLP's global strategic adjustments, following the sale of its non-China fund management business to Ares Management for $5.2 billion in early 2025 [4]. Group 2: Business Operations - As of the end of 2024, GLP operates in 70 markets across China, managing over 450 logistics and manufacturing facilities, with an asset management scale of approximately $79 billion [4]. - GLP runs over 30 private equity funds both domestically and internationally, showcasing its extensive operational footprint [4]. Group 3: Market Context - Although the specific IPO location has not been officially disclosed, Hong Kong is considered the most likely venue due to the recent recovery of its IPO market, with 43 new listings in the first half of 2025 raising a total of HKD 106.7 billion, a 688% increase from the same period in 2024 [5]. - The company has been rumored to be considering an IPO for several years, with earlier reports in 2022 suggesting a potential US IPO targeting $2 billion, but these were not confirmed [5].