Date
18 December 2017

China firms to beat fundraising path to US, paper says

About 15 to 20 companies from China are expected to go public in the United States this year amid restored investor confidence in the nation’s companies, China Daily reported Thursday, citing David Ethridge, senior vice-president and head of capital markets at NYSE Euronext Inc. Most of these new listings will be in the health, high-technology and retail sectors, Ethridge was quoted as saying. China is now the third-largest country by the number of companies listed on NYSE Euronext, next to the United States and Canada, he said. As of November last year, 74 Chinese companies were listed on the New York Stock Exchange and nine on a subsidiary exchange for a small cap firms, with a combined market capitalization of US$1.04 trillion, the report said.

– Contact HKEJ [email protected]

SK/CG

 

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