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The deal is also being probed in the U.K., where the Competition and Markets Authority will decide by June 16 whether to refer it to an in-depth investigation.
So far this year, U.S.-listed firms have raised $10 billion through IPOs, down 94 percent from the same span in 2021 and nearly half of this point last year.
WHP will pay $50 million for the Bonobos brand. Express, which is partly owned by WHP, will acquire the Bonobos operating assets and related liabilities for $25 million.