business people fighting over some us money


Stock-market investors who bet on private-equity-backed listings have been badly disappointed.

Luxury-car maker Aston Martin and discount retailer Poundland are two of the companies that buyout groups floated which haven’t lived up to their promise of delivering shareholder returns.

It is part of a wider trend among initial public offerings led by private-equity funds over the past decade. Globally, 90 IPOs were backed by buyouts between 2010 and 2014. More than 70% of these underperformed, according to new research by Bain ...

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