Watson Group considers delaying London IPO plan
Watson Group is considering postponing its planned London listing to next year, people familiar with the matter said. Watsons originally planned to simultaneously launch dual listings in London and Hong Kong this fall, with a fundraising scale of approximately US$2 billion and a post-listing corporate valuation of approximately US$30 billion. This IPO is an exit channel for Singapore’s Temasek to divest approximately 25% of its equity interests purchased in 2014. Watsons also plans to sell at least one of its assets.