Chinese companies rush for U.S. listings ahead of new rules

📆 31/03/2023 16:50:00
📰 Reuters

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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.

have launched public offerings in March to raise a combined $82.3 million, compared with just four in the preceding two months.

They also impose an approval system on a once freewheeling market, with a focus on national and data security, hence the hurry from some firms to get in ahead of them. The new system requires submitting materials to the China Securities Regulatory Commission and getting the green light from relevant government bodies.

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