PE-backed ESR postpones Hong Kong IPO
Pan-Asian logistics and fund management platform ESR has postponed its Hong Kong IPO, which was expected to raise up to HK$9.75 billion ($1.24 billion) and facilitate partial exits for several private equity investors.
The company cited “current market conditions” as the reason for the postponement. The Hang Seng Index posted a small decline on June 13, although at one point it was down over 1.6%. This followed a...
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