JPMorgan Chase & Co. and Morgan Stanley lost out on their cut of what would’ve been the year’s biggest IPO last week.
IPOs & Markets
It was slated to be this year’s biggest IPO that would surpass Uber’s $8.1 billion share sale.
At $35 billion, the volume of Chinese outbound M&A is the lowest tally for the first six months of the year since 2013.
PE firms Hillhouse Capital, KKR and Blackstone were among parties considering bids for the Nexon stake earlier in the process.
Everest’s share sale could raise $200-300 million.
The share sale could take place in Hong Kong or the U.S., while the timeline is yet to be decided.
Fosun Fashion, whose portfolio includes French brand Lanvin, is targeting to raise more than $100 million.
Alibaba is in talks with other investment banks seeking a role on the offering.
KKR acquired Goodpack five years ago for about S$1.4 billion and delisted the company.
The sale would include CJ’s feed mills in China and Southeast Asia.
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