Chinese investment bank IPO flaunts tech conflicts

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Chinese investment bank IPO flaunts tech conflicts
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China Renaissance is putting conflicts of interest front and center for its IPO, says AlecMac11

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Chinese investment bank sells itself poorly in IPOChinese 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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