WASHINGTON (BLOOMBERG) - Chinese companies are listing in the United States at the fastest pace ever, brushing off tensions between the world's two biggest economies and the continued risk of being kicked off American exchanges.
Firms from the mainland and Hong Kong have raised US$6.6 billion (S$8.8 billion) through initial public offerings in the US this year, a record start to a year and an eightfold increase from the same period in 2020, data compiled by Bloomberg show.
The largest IPO is the US$1.6 billion listing of e-cigarette maker RLX Technology, followed by the US$947 million offering of software company Tuya.