Chinese IPOs had a bad 2019 in the US — and it’s not over yet
In a year marked by several high-profile IPO flops, investors want larger, more familiar firms and Chinese IPOs in the US tend to be smaller deals
12 December 2019 - 13:02
Hong Kong — For Chinese companies seeking a US listing, 2019 has been a horrible year. With only two weeks left, it’s about to get worse.
Cloud fintech platform OneConnect Financial Technology, owned by Ping An Insurance and backed by Softbank, almost halved its planned US initial public offering (IPO) size, meaning the company is now likely to go public at a valuation that is less than half the Japanese tech investment giant paid in 2018...
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