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Chinese stock sales have been recorded in the US, despite the threat that they will be removed

Chinese stock sales have been recorded in the US, despite the threat that they will be removed Funds raised by Chinese groups in U.S. stock markets rose 440 percent in the early months of 2021, surpassing the threat of necessarily expelling attractive Wall Street valuations. According to Dealogic data, Chinese companies have achieved a record $ 11 billion this year on the New York Stock Exchange and Nasdaq’s initial public offering, tracking stock sales and issuing convertible bonds. Among the big lists was the $ 1.4 million IPO made by the e-cigarette manufacturer RLX Technology and a $ 947 million bid from software company Tuya, along with 20 other Chinese teams.

SPAC Frenzy Takes Hold of Asia | Fintech Singapore

  After explosive growth in the US, the craze surrounding special purpose acquisition companies, or SPACs, is now heading to Asia. Analysts believe that Southeast Asia, where the tech startup scene has thrived on economic growth and a need to boost financial inclusion, could very well be the next hotspot for SPAC acquisitions. SPACs are blank-check shell corporations set up by investors with the sole purpose buying and reverse merging with a private company. Their growth has so far been mostly centered around the US with US-based SPACs raising more than US$64 billion through initial public offerings (IPOs) so far this year, representing 37% of global deal volumes, Refinitiv data show.

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