MW: IPO market braces for first tech unicorns in nearly two years
MARKETWATCH reports: The initial public offering market, fresh off its biggest transaction of the year, is expected to ...
Tonyv3112 dreamstime.com
By Alex Lennane
China Eastern Airlines’ logistics arm has filed for an IPO to raise Rmb2.4bn ($348m). Eastern Air Logistics has been restructuring for two years, and the Chinese state now holds 45% while private investors hold the rest. The proceeds will be used to invest in logistics facilities, network improvements and technology and equipment upgrades, reports Caixin Global.
Comment on this article