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IPO fragility raises risks for private equity firms
December 12, 2009
There are indications that secondary market investors are starting to tire of IPOs in Hong Kong. It will be a worry for Carlyle as it begins marketing the listing of China Pacific Insurance Group, writes Mergermarket.
With the Hang Seng Index having nearly doubled since March and TPG’s successful listing of Australian department store Myers in October, it is understandable that private equity-owned firms are increasingly tapping Hong Kong’s equity capital market.
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