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Cash-hungry firms drive up pace of IPO listings in Asia

But valuations are cheaper and expected to stay low into 2016 as new reality of slower growth in China sets in

Published Thu, Nov 5, 2015 · 09:50 PM
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Hong Kong

AS the world takes in life with a slowing Chinese economy, business is brisk for one group - Asia's bankers, handling a burst of stock listings by mainland firms that need funds now and are resigned to their shares being worth less than before.

Although initial public offering (IPO) valuations may be cheaper, the pace…

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