China IPO freeze paves way for more M&As
Companies on the verge of listing now need to find new means of financing, giving opportunities for bankers, private equity investors and wealth funds to step in
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Hong Kong
CHINA'S move to halt new company listings on its stock markets is offering private equity firms, hedge funds and sovereign wealth funds an opening to fill private companies' funding needs, paving the way for more merger and acquisition (M&A) activity.
After a plunge in share prices wiped out more than US$3 trillion of market value in three weeks from mid-June, China suspended initial public offerings (IPOs) to close the pipeline of new issues, which tend to suck money out of the market.
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