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Opinion: Facebook debacle will tilt Asia further toward debt
May 28, 2012
From Alexander Lobov
Facebook’s troubled IPO is just one of many factors suggesting that the future for equities in Asia is troubled. Debt is in the ascendant here and will stay that way for a long time.
The year’s most highly anticipated initial public offering (IPO), Facebook, was supposed to be a euphoric moment for the issuer, its bankers and the markets alike. Not only was the deal a superjumbo at US$16 billion – the third largest...
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