News Snapshot:
The investment vehicle's statement said it would be the first London-listed fund dedicated to investing in unquoted Chinese companies. The planned IPO comes despite a dearth of flotations this year owing to volatile market conditions since Russia's invasion of Ukraine and against a backdrop of rising geopolitical tensions between the West and China. Welkin China said it expected to publish more details in a prospectus for the IPO "in the coming days". The listing will give "public investors diversified access to private market investments in China through funds managed by Welkin and selected external managers", said Welkin China Chairman Ivan...
