The Securities and Exchange Commission has stopped processing registrations for U.S. initial public offerings or the sale of other securities by Chinese companies to give it time to craft new guidelines for investors to help them understand the risk of a regulatory crackdown by Beijing, Reuters reported Friday, citing people familiar with the matter. Chinese companies have raised a record of $12.8 billion in the year to date, Reuters reported, citing data from Refinitiv.
But the flow of deals has slowed this month after Chinese regulators banned ride-sharing giant Didi DIDI, +11.16% from signing up new users days after its U.S. IPO. Since then, the regulator has also make moves to rein in tech and private education companies. SEC commissioner Allison Lee said on Tuesday that Chinese companies listed on U.S.
Hilarious
Hopefully SEC gets involved in DiDi Global Inc investigation, discovery and recovery of post IPO losses. sec ipo
this is terrible news
CIA