EXCLUSIVE U.S. regulator freezes Chinese company IPOs over risk disclosures -sources

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The U.S. Securities and Exchange Commission (SEC) has stopped processing registrations of U.S. initial public offerings (IPOs) and other sales of securities by Chinese companies while it crafts new guidance for disclosing to investors the risk of a new regulatory crackdown by Beijing, according to people familiar with the matter.

Chinese listings in the United States have reached a record $12.8 billion so far this year, according to Refinitiv data, as companies swooped in to capitalize on the U.S. stock market reaching daily record highs.

from signing up new users just days after its blockbuster IPO. They followed up with crackdowns on technology and private education companies. The agency has been under intense pressure from U.S. lawmakers to take a tougher line. A group of senators including Republicans John Kennedy and Bill Hagerty wrote to SEC chair Gary Gensler this week urging "thorough investigations of U.S. listed Chinese companies' concerning lack of transparency."

Some 418 Chinese companies are listed on U.S. exchanges, according to Refinitiv. The S&P/BNY Mellon China Select ADR Index, which tracks the American depositary receipts of major U.S.-listed Chinese companies, has lost 22% of its value year-to-date, compared to an 18% rise in the S&P 500 index.

 

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SEC stops processing registrations for IPOs or other securities from Chinese companies amid Beijing crackdown: ReutersThe Securities and Exchange Commission has stopped processing registrations for U.S. initial public offerings or the sale of other securities by Chinese... CIA this is terrible news Hopefully SEC gets involved in DiDi Global Inc investigation, discovery and recovery of post IPO losses. sec ipo
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SEC stops processing registrations for IPOs or other securities from Chinese companies amid Beijing crackdown: ReutersThe Securities and Exchange Commission has stopped processing registrations for U.S. initial public offerings or the sale of other securities by Chinese... CIA this is terrible news Hopefully SEC gets involved in DiDi Global Inc investigation, discovery and recovery of post IPO losses. sec ipo
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »