Date
23 October 2017

HK to lure US IPOs after China auditors ban, Bloomberg says

The US ban on Chinese affiliates of the four biggest accounting firms will probably push Chinese companies to opt for a listing in Hong Kong instead of New York, Bloomberg reported Monday, citing Bruno del Ama, chief executive officer of Global X Funds. Chinese companies had begun lining up to sell in New York this year after eight initial public offerings were carried out in 2013, up from three the year before, the report said. But del Ama was quoted a saying that “some of the sexiness of IPOs in the US may be going away because of some of the perception issues”.

– Contact HKEJ [email protected]

SK

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