China’s IPO fundraising boom raises product concerns
Fundraising hits a record high, driven by an accelerated product approval process and soaring equity prices. Concerns are raised over its effect on an ongoing talent shortage and a new type of leveraged product.
China’s IPO fundraising boom is saturating the market with similar products, which has raised concerns over managers' fate if the equity bull market runs out of steam.
Fast product approval and soaring equity prices have driven fundraising for initial public offerings to a record high, with managers becoming dependent on the revenue generated by the funds.
A surplus of such products could also exacerbate an ongoing talent shortage, while increasing numbers of leveraged funds are…
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