Hong Kong's PAG to have dual-class shares, launch new strategies for Asia with IPO

Alternative investment manager PAG plans to use around three-quarters of the proceeds from a proposed Hong Kong initial public offering (IPO) to launch new strategies and seek growth through acquisitions.

“We believe substantial untapped potential remains in the fast-growing Asian alternatives market,” the firm said in a heavily redacted prospectus filed with Hong Kong regulators. “We will also welcome complementary, inorganic bolt-on opportunities.” 

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