Overseas IPOs have provided an alternative source of capital for Chinese companies in the past and a New York listing has been seen as a badge of honor for many. Beijing has been examining ramping up supervision of overseas listings since the$ 4.4 billion initial public offering( IPO) of ride-hailing giant Didi Global Inc and the proposals on Friday were not as stringent as some had expected. Chinese firms have raised about$ 12.8 billion in US listings in 2021, according to Refinitiv data.( This
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2021-12-27 00:00:00.0