This is the highest value for such a period from year to year and almost exceeds the year-round sum for 2020. So far this year, 37 Chinese companies have ranked in the United States and raised a total of about $ 13 billion, according to Bloomberg. and Qiniu Ltd., which put their plans on hold in May. Provider of online retail services Beijing DMall E-commerce Co.Company for organizing and creating content for Esports VSPN tournaments.FC Evergrande Group’s online home and car sales platform.Maid and home maintenance service provider Swan Daojia.Online portal for financial information Snowball Finance Co.Start-up of artificial intelligence chips Horizon Robotics Inc.More Chinese companies seeking an IPO in the US: “Recent developments in overseas listings or related data security risks have posed a risk to China’s technology sector,” said Mathieu Reicher, head of equity strategy at Julius Baer Group Ltd. Large companies are also affected: TikTok’s owner, ByteDance Ltd., has indefinitely suspended its intentions to make offshore listings earlier this year as officials told the company to address data security risks. ![]() ![]() There are about 70 other private companies based in Hong Kong and China that will go public in New York, according to data collected by Bloomberg.īeijing’s expanded control over US proposals by its companies will close a deep and liquid market for many of China’s smaller growth companies, which are otherwise unlikely to meet China’s integration requirements or in Hong Kong. Last week, a medical data company, fitness app and e-commerce platform postponed plans to go public in the United States as Beijing cracked down on technology and data-rich companies. (Bloomberg) – China’s repression of initial public offerings in the United States by its companies has put potential listings at risk.
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