China-US IPOs are speeding up, not slowing down

By Jonathan Breen
28 Apr 2021

Chinese companies have raised equity in the US at a record pace this year. The deal flow has quashed fears that a hostile White House would dissuade China’s hordes of technology startups from listing on the New York Stock Exchange and Nasdaq.

So far this year, Chinese firms have issued $11.02bn in IPOs, follow-ons and convertible bonds in the US, Dealogic data shows. Listings of American depository shares (ADS) alone account for $4.42bn of that. 

The vast appeal of the US market clearly trumps issuers’ concerns over worsening relations between China and the US. With US investors as hungry for Chinese stocks as they are now, companies from the ...

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