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Hubris Wrecks a Huge Hong Kong IPO

Hubris Wrecks a Huge Hong Kong IPO

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Asia Sentinel
May 02, 2014
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Asia Sentinel
Asia Sentinel
Hubris Wrecks a Huge Hong Kong IPO
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There will be an awful lot of embarrassed financial professionals sulking around Hong Kong and Wall Street today.

The reason: a crazy IPO deal financially-engineered by a group of big name investment banks, led by Morgan Stanley, together with several large China and Asian-based PE firms including China’s CDH Investments and Singapore’s Temasek Holdings …

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