Xpansiv’s given hope to companies stuck in the IPO pipeline, nailing down a capital injection from Blackstone.
The private equity giant announced on Thursday morning it would tip in $US400 million, in what is expected would help Xpansiv settle on its $US300 million acquisition of APX.
It provides a glimpse of what could happen to other contenteders in Australia’s IPO pipeiline at a time of float fatigue among fund managers and more generally, volatility in the market.
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