Date
17 August 2017

New rules prompt IPO hopefuls to delay listings, paper says

More than 30 firms approved for listing have put their debuts on hold since the China Securities Regulatory Commission released new supervision rules on Sunday, the Shanghai Securities News reported Monday. The rules require firms to document the pricing process and roadshows for regulators and post special filings on investment risks for three consecutive weeks if their shares’ price-to-earnings ratios are higher than the market average. Five firms that were due to publish their pricing information on the Shenzhen stock exchange Monday decided Sunday to delay the process and reset their initial public offering schedules, the report said.

– Contact HKEJ [email protected]

TL/AC/SK

 

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