GLP, a Singapore-based logistics and real assets firm, plans to raise up to $3 billion through an initial public offering in Hong Kong, aiming for a listing by the fourth quarter of 2026. This move marks GLP's return to public markets nearly a decade after going private. The IPO is expected to value the company at approximately $20 billion, potentially making it one of Hong Kong's largest recent listings. The firm has enlisted Citi, Morgan Stanley, Deutsche Bank, and Jefferies as advisers for the offering. GLP manages around $80 billion in assets, with a portfolio that includes logistics real estate, digital infrastructure, and renewable energy. While the Q4 timeline is targeted, the listing could extend into the first half of 2026. Discussions are ongoing about whether to list the broader group or its China-focused unit, which would affect investor interest due to differing risk profiles amid geopolitical tensions.