Chaos of 29 banks worsens WH Group IPO shambles
WH Group delayed, restructured and shrank what would have been a $6bn IPO this week, after revelations about corporate governance gave investors qualms. The situation was undoubtedly made worse, however, by the issuer's decision to use a 29 bookrunner syndicate — a record for a Hong Kong IPO.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts