Asia-focused PAG files for Hong Kong IPO seen hitting $2bn

Alternative investment company seeks market cap of at least $10bn

20220329 Hong Kong Exchanges

Goldman Sachs and Morgan Stanley are sponsors of PAG's planned IPO, according to a prospectus filed with the Hong Kong Stock Exchange. © Reuters

EUDORA WANG, DealStreetAsia

HONG KONG -- Asia-focused alternative investment company PAG has filed for an initial public offering in Hong Kong that could raise $2 billion in one of the largest listings in the city this year.

Goldman Sachs and Morgan Stanley are joint sponsors of the planned share sale, according to a prospectus filed with the Hong Kong Stock Exchange on March 25.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.