China exits: How much longer can the pre-IPO party last?
Chinese private equity funds that were drawn into the market by high public exit valuations are being given pause for thought. It represents a tipping point for Shenzhen’s ChiNext and SME Boards
One China-based fund manager captures the brute competitiveness of the pre-IPO phenomenon as follows: "We are doing a deal with you because we want you to go public in 6-18 months. If you don't go public...
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