Considering the dizzying behavior on the American stock markets, it is not difficult to understand why companies would be eager to obtain their IPO.
Press reports in Asia:
- Many Chinese companies have announced that they are considering an initial offer of shares in the United States
- Car maker Xiaopeng Motors and delivery company Dada Nexus plan for listing in New York
- Chinese companies wishing to raise capital in the United States have benefited from exemptions from local listing rules if their initial public offerings (IPO) are secondary to their home listing
- threats to abolish these exemptions and President Donald Trump’s warning that further measures will be imposed on Hong Kong could prompt Chinese companies to present plans for an IPO abroad.