US private equity houses will favour initial public
offerings (IPOs) to realise investments this year, partly
because listing rules are not as restrictive as those in other jurisdictions.
Listing rules in Hong Kong have deterred some private equity
houses from exiting with IPOs. Prescriptive requirements such
as profitability and market capitalisation review tests have
led investors to do sell-downs on their portfolio companies
Such rules dont really exist in the US
they are not in the listing...