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
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...