Carlyle, Temasek see flat Kaisa IPO
The Carlyle Group and Temasek Holdings saw their investee Shenzhen property developer Kaisa Group Holdings begin trading on the Hong Kong Stock Exchange main board, in an IPO postponed since early 2008.
Kaisa raised some $445 million in the IPO, against a reported target of up to $650 million, pricing near the bottom of its indicative range, as concerns over the impact of government policy to cool the...
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