11 days ago • Posted by William Ramstein

Chinese firms vote with where they list their IPO! USA sees surge in interest.

If you can't beat them, join them... Chinese firms listing in the USA is a good thing for international cooperattion between the two largest economies. This year we have seen an incredible increase in the number of Chinese businesses listing in the United States. Firms from the mainland and Hong Kong have raised $6.6 billion through initial public offerings in the U.S. this year, a record start to a year and an eightfold increase from the same period in 2020. The largest IPO is the $1.6 billion listing of e-cigarette maker RLX Technology Inc.

Source: Bloomberg