Singapore-based logistics real estate group GLP is preparing plans for a potential initial public offering in Hong Kong that could value the company at around twenty billion dollars, according to people familiar with the discussions.

The proposed listing would mark a return to public markets for the company, which was taken private from the Singapore stock exchange in two thousand seventeen through a buyout led by chief executive Ming Mei and a consortium of global investors.

The deal, valued at roughly sixteen billion Singapore dollars at the time, included backing from several major investment institutions.

Sources close to the matter say GLP has begun preliminary conversations with financial advisers including major international banks as it explores the possibility of a share sale in Hong Kong.

Details of the offering, including the size of the stake to be sold and the exact timetable, remain under discussion and could change depending on market conditions.

If completed, the flotation would represent one of the largest real estate listings in Asia in recent years and could further strengthen Hong Kong’s position as a major hub for equity capital markets.

The city has seen a renewed pipeline of public offerings as global investors return to Asian listings and capital raising activity accelerates.

GLP describes itself as a global investment manager focused on logistics real estate, digital infrastructure, renewable energy and related technologies.

The company manages more than eighty billion dollars in assets through a network of funds and development platforms spanning Asia, Europe and the Americas.

In recent years the group has reshaped its business structure through asset sales and new capital partnerships aimed at strengthening its balance sheet and focusing on high-growth sectors such as supply-chain infrastructure and data centers.

One such move involved the sale of a major international investment platform to a global asset manager in a transaction that included billions of dollars in upfront proceeds and the possibility of additional payments tied to performance.

The company has also attracted large strategic investments from global sovereign wealth funds and institutional investors.

The potential Hong Kong listing comes at a time when demand for logistics infrastructure remains strong.

Growth in e-commerce, advanced manufacturing and regional supply chains has driven continued demand for warehouse and distribution facilities across Asia-Pacific.

Market analysts say a successful offering could provide liquidity for existing investors while giving the company fresh capital to expand its portfolio of logistics assets and digital infrastructure projects.

The listing would also add another high-profile name to Hong Kong’s evolving roster of property and infrastructure companies seeking access to international capital.

The timing and structure of the proposed share sale have not yet been finalized, and the company has not publicly confirmed the plans.