Chinese investment bank sells itself poorly in IPO

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Full view ready soon by AlecMac11 via Breakingviews : Chinese investment bank China Renaissance sells itself poorly in IPO -

 

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Chinese investment bank sells itself poorly in IPOChina Renaissance fell 20 pct on its Hong Kong trading debut, valuing the tech advisor at less than half its original $5 bln target. A shaky outlook is partly to blame, but Renaissance also overpriced itself. For an investment bank, such a fumble is hard to explain to clients.
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