
PAG's Hong Kong IPO on hold amid weak market

Asia-focused private equity firm PAG has put its Hong Kong IPO on hold, three sources familiar with the situation told Mergermarket, AVCJ’s sister title.
Poor capital market conditions, PAG’s heavy exposure to a bearish Chinese economy, as well as a lukewarm appetite for the firm’s fourth flagship fund, which is currently in the market, have all contributed...
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