
Macro, geopolitical concerns not deterring China exits

Private equity investors are seeing significant IPO and exit activity out of China despite macroeconomic and geopolitical uncertainty arising from COVID-19 and China-US tensions, respectively.
“Public markets are placing a premium on growth because the world is anemic on growth. We still see a meaningful pop in valuation between what is on the GP’s books a quarter or two before the IPO and...
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