Backlogs of applications for initial public offerings reemerged in China as regulators tightened scrutiny following Ant Group’s surprise listing suspension, forcing several companies to cancel their share sale plans.
A total of 14 companies that planned to list on mainland bourses have had their listing processes terminated so far this year, and at least seven of them withdrew their applications voluntarily, data from the Shanghai and Shenzhen exchanges show. READ MORE (CACHED ARTICLE)
Similar Posts:
- Hua Hong Semiconductor (HKG: 1347 / FRA: 1HH / OTCMKTS: HHUSF): Plans a $2.6B Shanghai Share Sale to Fuel Expansion
- Chinese Tech IPOs in US Rebound After Two-Month Lull (Nikkei Asia)
- The Clash of China’s Social Media Titans (NIKKEI Asia)
- Shanghai Exchange Scraps Meeting for Syngenta’s US$9.5 Billion IPO, Disrupting Plans for World’s Biggest Offering of 2023 (SCMP)
- DouYu Ends First Day at Its Offer Price in $775 Million IPO (Bloomberg)
- Didi Ekes Out 1% Gain After New York IPO Pop Fizzles (Nikkei Asia)
- China Conglomerates Aim for Reset in Tighter Credit Environment (Reuters)
- Bilibili Fights for China’s Online Audience With $2.6bn Listing (Nikkei Asia)
- Five Things You Need to Know About Foxconn’s Shanghai IPO (The Asset)
- China’s Ant Eyes Southeast Asia e-Payment Dominance with IPO (Nikkei Asian Review)
- The Case for Dedicated China Exposure (Cambridge Associates)
- Why Would the Chinese Pay $1B for a Talking Cat Game? (BloombergBusinessweek)
- China Definitively Reins In Jack Ma’s Ant Fintech Empire – Agreement Reached On “Restructuring” (ZeroHedge)
- China’s Regulatory Tightening: Our View on Goals and Scope (Franklin Templeton)
- Luckin Coffee is Launching in Singapore, Will it Do Well? (Momentum Asia)