Nasdaq to tighten rules amid concerns over Chinese firms

Nasdaq to tighten rules amid concerns over Chinese firms

Nasdaq has proposed new rules to make it more difficult for some Chinese firms to list on its stock exchange. Its proposals would mean companies from certain nations would have to raise at least $25m or a quarter of their post-listing valuation to list.The move is being driven by concerns about some of the Chinese IPO hopefuls’ lack of accounting transparency and close ties to powerful insiders.

KCooper
KCooper
Judi Em
Judi Em 2 weeks

Sounds like a long overdue move.

Top in Business
Get the App