There could be a significant rise in the number of Chinese companies launching IPOs in the US this year, despite Beijing’s tightening oversight of the financial sector, according to Bob McCooey, senior vice-president of Nasdaq’s listing services unit.
“We foresee the number of China listings to be materially higher in 2018, with a 25 to 30 per cent jump from 2017,” McCooey told the South China Morning Post.
The predicted rise would be a continuation of a recent trend. The number of Chinese companies that went public in the US doubled in 2017 compared to the previous year. Thirteen are on file to be listed
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