Olaf Kosinsky
This is the highest since 2014, when Chinese companies raised $25.7bn in IPOs on US exchanges. However, then Alibaba's NYSE initial public offering of $21.8bn accounted for most of the total.
By the number of Chinese IPOs carried out this year in the U.S., this year was more significant than in 2014. Then, 16 Chinese companies have placed their shares on the U.S. stock exchanges, while the number reached 30 companies in 2020.
Analysts attribute the growth of Chinese IPOs in the US to investors' interest in assets from countries that recovered fairly quickly from the COVID-19 pandemic.
In addition, observers note that this interest could not be prevented by the deterioration of trade, economic and political relations between the US and China in the current year, as well as threats by the Trump administration to seriously tighten the conditions for Chinese companies to stay on US exchanges.
source: cnbc.com
By the number of Chinese IPOs carried out this year in the U.S., this year was more significant than in 2014. Then, 16 Chinese companies have placed their shares on the U.S. stock exchanges, while the number reached 30 companies in 2020.
Analysts attribute the growth of Chinese IPOs in the US to investors' interest in assets from countries that recovered fairly quickly from the COVID-19 pandemic.
In addition, observers note that this interest could not be prevented by the deterioration of trade, economic and political relations between the US and China in the current year, as well as threats by the Trump administration to seriously tighten the conditions for Chinese companies to stay on US exchanges.
source: cnbc.com
