Private equity firms boycott IPOs over stockmarket liquidity
A report on Africa’s private equity market shows that a majority of firms now prefer to exit companies through trade, financial and management buyouts. PHOTO | FILE
Africa’s private equity firms have boycotted initial public offerings (IPOs) as a means of exiting companies on the continent over illiquidity in the stockmarkets.
A report on Africa’s private equity market shows that a majority of PE firms now prefer to exit companies through trade, financial and management buyouts, with initial public offerings (IPOs) remaining the least popular.
