A 'tidal wave' of Chinese companies rush into the red-hot IPO market in the U.S.

📆 2021/04/28 06:38:00
📰 CNBC

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In China's start-up world, the rich are getting richer as investors and companies clamor for a piece of the hot U.S. IPO market — before it loses steam.

Despite political tensions between the U.S. and China, Chinese start-ups remain intent on listing in New York.

However, cautious investors are piling into just a few of the same companies, while post-IPO stock slumps are raising questions about whether valuations are fair. The first three months of the year marked the busiest quarter for overall U.S. initial public offerings since 2000, according to consulting firm EY.

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