AlecMac11 nice turns of phrase there :)
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Chinese investment bank IPO flaunts tech conflictsAlibaba-affiliated Ant Financial has been lined up as a cornerstone investor in China Renaissance. Fan Bao’s boutique built its business advising JD and is among the last with loyalties to Jack Ma’s other big rival, Tencent. The knotty relationships potentially spell trouble.
Source: Breakingviews - 🏆 470. / 51 Read more »
Shares of investment bank China Renaissance slip in early hours of debutChina Renaissance's initial public offering came hot on the heels of high-profile listings on Hong Kong's stock exchange by Chinese hotpot chain Haidilao and tech heavyweight Meituan Dianping.
Source: CNBC - 🏆 12. / 72 Read more »
China Renaissance, Deal Maker for Top Tech IPOs, Tumbles in DebutAn underwriter of high-profile Chinese technology offerings such as Pinduoduo and China Literature saw its own stock plunge on its first day of trading in Hong Kong.
Source: WSJ - 🏆 98. / 63 Read more »
China Renaissance buyback aggravates IPO botchRoughly a month after a pared-down listing, the $1.3 bln investment bank and boss Fan Bao are buying a chunk of stock on the market. Companies globally are splurging on shares, and the gambit has improved prices a little. Investors and clients, though, will need more substance.
Source: Breakingviews - 🏆 470. / 51 Read more »