CPCG Could Become The World's 2nd Largest Public Company

The founder of China Pacific Construction Group (CPCG), China’s largest private construction company, says that CPCG intends to go public in the United States. According to Reuters, CPCG founder Yan Jiehe prefers the regulation and transparency of U.S. markets to a domestic Chinese market listing.
Timetable
Jiehe recently told reporters that he sees a listing on the U.S. markets as a sign of strength and that CPCG will push for a U.S. IPO sometime between 2020 and 2022. Jiehe expects that CPCG will have a market value of around $485 billion by that time.
Major player
A projected market cap of nearly half a trillion dollars would put CPCG in some rare company.
In fact, a $485 billion market cap would mean that CPCG could become the world’s second-largest U.S.-listed public company. Based on current market caps, CPCG would trail only Apple Inc AAPL, valued at $764 billion.
Chinese e-commerce giant Alibaba Group Holding Limited BABA, record-holder of the largest IPO in history, has a current market value of only $233 billion. Microsoft Corp MSFT, Google Inc GOOG GOOGL, and ExxonMobil Corp XOM are all currently well short of the $400 billion market cap level.
International expansion
With an IPO date at least five years into the future, Jiehe said that the near-term focus of CPCG will be international expansion. The recent slowdown in Chinese economic growth has made it more difficult for local Chinese governments to pay for construction projects. CPCG is currently in contract talks for projects in Greece, Bulgaria and Albania.