Chinese companies have raised $5.23 billion in U.S. initial public offerings so far this year, more than double the $2.46 billion in the same period last year, according to data.
shell house, a property management company supported by Tencent holdings and Softbank of Japan, officially landed on the New York Stock Exchange on Thursday, raising about US $2.44 billion, making it China’s 18th U.S. listed company this year and the largest listing transaction of a Chinese company in New York since this year.
after the IPO, the electric car manufacturer 888 has also applied. The online wealth management company lufax has submitted a secret application for listing in the US, according to people familiar with the matter. The company did not respond to a request for comment.
U.S. Treasury Secretary manuchin previously said that by the end of 2021, listed companies from China and other countries that do not comply with us accounting standards must delist from the US stock exchange. This means that Chinese companies currently listed in the US must meet the compliance requirements of US regulators by January 2022.