Kurt MacAlpine, chief executive officer of CI Financial, says an IPO is still very possible at some point.is selling a 20% stake in its U.S.
wealth-management arm to a group of investors including private-equity firm Bain Capital, shelving plans for an IPO of the business.and the state of Wisconsin, is making a roughly $1 billion investment that values the business at about $5.3 billion, CI Financial executives told The Wall Street Journal. Proceeds will be used to pay down CI Financial’s hefty debt load.
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