peHUB Second Opinion 8.14

Renminbi: More details on Blackstone's China fund. The firm is partnering with the Peoples' Government of Shanghai Pudong New Area. (FT) So Much For That: Recent evidence suggests not only has Wall Street survived, but it is essentially unchanged. (WSJ) IPO Fever: "The worst thing that could happen to an infant exit market is for an over-aggressive listing to dent its fragile confidence." (FT) Everyone Freak Out: Look at all those IPOs. Too bad this BusinessWeek article overlooks the fact that private equity-backed IPOs aren't for profits, they're for debt! (BW) Meanwhile: Barclays is fanning the fire, preparing for a "tidal wave" of private equity-backed IPOs. (Financial News)

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