Chinese companies rush for U.S. listings ahead of new rules
newscatcher
2023-03-31 14:33
Chinese companies rush for U.S. listings ahead of new rules
SHANGHAI/SINGAPORE – The number of U.S. IPOs by Chinese firms jumped in March, as some of them rushed to set up offshore listings before rules take effect that will complicate the process, though with markets jittery, several met with a tepid response. Seven Chinese firms including Chanson International and Hongli Group have launched public offerings in March to raise a combined $82.3 million, compared with just four in the preceding two months. Although the numbers are not huge, the surge stands out since only six mainland China-based companies launched U.

https://business.inquirer.net/394003/chinese-companies-rush-for-u-s-listings-ahead-of-new-rules

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