shanghai star board

Jun

How are Chinese firms’ IPOs changing?

During China’s long tech boom, private investors availed themselves of the abundant opportunities afforded by Chinese IPOs, whether onshore, in Hong Kong or in New York. Yet with Beijing’s crackdown on the tech sector and persistent U.S.-China tensions, Chinese IPOs are going in a very different direction.

Apr

China Capital Markets Research

Fintech crackdown slows Shanghai STAR board’s momentum

Before Ant Group’s IPO was nixed, the Shanghai STAR board was red hot. Since then, it has cooled off considerably. Not only is Ant’s IPO in limbo, but other Chinese tech companies are scuttling their plans to go public, one after the next. Ant is the bellwether for the market,…

Aug

China Capital Markets Research

Shanghai’s STAR board shakes up China’s capital markets

Shanghai’s STAR board is introducing a more market-driven approach to China’s initial public offerings. Listing on the STAR market is more streamlined than the traditional process in China, where new listings are subject to an informal price cap of 23 times earnings and a 44% ceiling for first-day gains. Before…

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