China IPOs: Different this time
There are signs that the China listings logjam is gradually becoming unstuck, sowing seeds of hope for PE equity and VC investors fielding awkward questions from LPs about liquidity horizons. But markets are unlikely to bounce back to their former highs due to a lingering wariness among investors – only the best companies will pass muster.
VC-backed online retailer LightInTheBox became only the third Chinese company to go public in the US in 18 months last week when it raised $79 million and saw its stock jump 22% on its NASDAQ debut. ...
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