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Nasdaq Set To Tighten IPO Rules For Chinese Firms
Summary: Nasdaq, the world’s second-largest stock exchange, is set to add new restrictions on initial public offerings (IPOs), which could result in smaller Chinese companies being left out. According to a report from reuters on Monday, Chinese IPO’s tend to have little accounting transparency and “close ties to powerful insiders,” which is the why the new ...
Nasdaq, the world’s second-largest stock exchange, is set to add new restrictions on initial public offerings (IPOs), which could result in smaller Chinese companies being left out.
According to a report from reuters on Monday, Chinese IPO’s tend to have little accounting transparency and “close ties to powerful insiders,” which is the why the new rules will be put into place that require a minimum value on the size of IPOs.
By Ramsey Baker
