FAST FIVE: With 34 Pending Filings, China Sends A Message: No More US IPOs


Source: nwostop.com nwostop.com

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FAST FIVE: With 34 Pending Filings, China Sends A Message: No More US IPOs And that's a problem, because according to Bloomberg, there are as many as 34 pending filings for US listings by firms based in China or Hong Kong announced this year. The US has increased scrutiny over listed Chinese companies, delisted companies including China Telecom and China Mobile, and put a number of firms on its blacklist. Bloomberg reported that Chinese regulators asked Didi as early as three months ago to delay its US IPO because of national security concerns involving its collection of data. Didi's investors...