Hong Kong IPO roulette has global asset managers in a spin

Hong Kong IPO roulette has global asset managers in a spin

Menu icons are displayed on the Meituan application on an Apple Inc. iPhone in an arranged photograph taken in Hong Kong, China, on Friday, March 23, 2018. Photographer: Justin Chin/Bloomberg

Some of the world’s largest asset managers took a spin on Hong Kong’s IPO roulette wheel, and now they’re stuck.

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