Asian private equity managers have poured cold water on hopes that the reopened market for initial public offerings in China will spark a flood of profitable sales and free the industry to raise more money and to stimulate deals.
Private equity investors across Asia, and especially in China, have struggled to exit investments because IPO markets have been sluggish in Asia broadly and closed in China.
Buyout groups in Asia have relied on stock listings to sell out of their investments, and a wave of exits in China had been expected once markets opened again this month.
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