Despite ongoing political tensions between the United States and China, the world’s two biggest economies are becoming increasingly intertwined financially, especially on the IPO front.
Even as the U.S. Congress begins to tighten the reins on China-based companies listed on U.S. stock exchanges, these companies continue to seek American capital. They have raised record amounts of equity capital through initial public offerings (IPOs) on U.S. exchanges this year.
There are certainly reasons for China-based companies to be hesitant to list here. Some China-based companies were recently delisted from U.S. stock exchanges, such as the three major Chinese state-owned telecom providers and the energy firm China National Offshore Oil Corp.From The Epoch Times.