Nasdaq changes IPO rules that crowd out Chinese companies
The exchange wants minimum fundraising thresholds and stricter requirements for auditors amid worsening US-China trade relations
19 May 2020 - 18:06
New York/Hong Kong — Nasdaq is planning new rules that would make initial public offerings (IPOs) more difficult for some Chinese companies, thrusting the US exchange into the middle of an increasingly contentious debate over financial links between the world’s largest economies.
The proposed regulations include minimum fundraising thresholds and stricter requirements for auditors, according to Nasdaq filings with the US Securities and Exchange Commission (SEC) seen by Bloomberg News. While the rules wouldn’t only apply to China, companies from there would be among the most affected...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.