News Snapshot:
China-focused Welkin China Private Equity expects to raise up to $300 million through an initial public offering (IPO) and list on the London Stock Exchange, it said on Monday. 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...
