PAG files for Hong Kong IPO
PAG, which has seen its assets under management (AUM) across private equity, credit, and real assets grow 6x to more than USD 50bn in the past decade, has become the first large-cap Asian manager to file for an IPO.
The planned Hong Kong offering represents the second announced monetisation event in a fortnight – and the third this year – by a pan-regional private equity firm, reflecting an appetite for exposure...
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