Nasdaq: The pipeline for Chinese companies listing in the US is ‘stronger than it’s ever been’
Nasdaq is looking to benefit from a sturdy yr for Chinese tech corporations launching preliminary public offerings.
Last week, two Chinese corporations debuted on the tech-heavy U.S. exchange, and quite a few extra are set to be a part of the IPO wave soon. Chinese social commerce company Yunji closed 29% higher than its record rate on Friday, raising $121 million, and So-Young, a Beijing-based online market for plastic surgery services, raised $179.4 million. The latter soared 31.88% on its IPO day and surged any other 14% on Friday.
“It appears like we will have over 40 IPOs from China, [which] are coming to the U.S. this year. So  could be the strongest year ever,” stated Bob McCooey, chairman of Nasdaq Asia-Pacific.