China sees first PE-backed IPOs in four months
The first two PE-backed Chinese companies to go public on domestic bourses in fourth months saw their shares jump more than 40% on the Shenzhen Stock Exchange.
Wuxi Xuelang Environmental Technology, a waste incineration firm backed by Boxin Capital and Jangsu Jolmo Venture Capital Management, raised RMB294.6 million ($47.4 million) after selling 20 million shares...
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