China listing rush gathers pace

摘要

Chinese companies are stepping up the pace of overseas listings as the US prepares new measures that could shut them out of the world's most liquid capital market in just 16 months' time. Property listing service KE HOLDINGS, backed by Tencent Holdings and SoftBank, last week priced a NYSE IPO above the price range to raise US$2.1bn in the biggest China-to-US listing since 2018. The deal came just two weeks after Chinese electric vehicle maker Li Auto raised US$1.09bn from a Nasdaq IPO.