Friday, 24 March, 2023

Welkin plans to launch $300M IPO in London stock Exchange

<p>Welkin China Private Equity intends listing on the London Stock Exchange and raising up to $300M through an IPO. The investment vehicle&#39;s statement stated that it would be the first London-listed fund devoted to investing in uncited Chinese businesses. The IPO comes despite a lack of flotations this year as a result of the volatile market conditions amid Russia&#39;s invasion of Ukraine and against the backdrop of rising geopolitical tensions between the West and China.</p>