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Chinese firms listing in the US at a rapid rate despite tensions afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Firms from the mainland and Hong Kong have raised $6.6 billion through initial public offerings in the U.S. 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 $1.6 billion listing of e-cigarette maker RLX Technology Inc., followed by the $947 million offering of software company Tuya Inc. That’s even as Sino-U.S. tensions show few signs of easing and the threat of Chinese firms being delisted from U.S. exchanges remains. In fact, the U.S. Securities and Exchange Commission said last month it would begin implementing a law forcing accounting firms to let U.S. regulators review the financial audits of overseas companies. Non-compliance could result in a delisting from the New York Stock Exchange or Nasdaq. ....
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. ....
Chinese companies are listing in the US at the fastest pace ever, brushing off tensions between the world’s two biggest economies and the continued risk of being kicked off US exchanges. Firms from the mainland and Hong Kong have raised US$6.6 billion through initial public offerings (IPO) in the US this year, a record start to a year and an eightfold increase from the same period last year, data compiled by Bloomberg showed. The largest IPO is the US$1.6 billion listing of e-cigarette maker RLX Technology Inc (霧芯科技), followed by the US$947 million offering of software company Tuya Inc (塗鴉科技). That is even ....
Illustration by Paul Tansley. Illustration by Paul Tansley. Companies may seek to dismantle prejudice among their employees â but psychologists question whether these courses effect lasting change Sun 25 Apr 2021 06.00 EDT Hereâs a fact that cannot be disputed: if your name is James or Emily, you will find it easier to get a job than someone called Tariq or Adeola. Between November 2016 and December 2017, researchers sent out fake CVs and cover letters for 3,200 positions. Despite demonstrating exactly the same qualifications and experience, the âapplicantsâ with common Pakistani or Nigerian names needed to send out 60% more applications to receive the same number of callbacks as applicants with more stereotypically British names. ....