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
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