Nasdaq set to unveil new restrictions on initial public offerings

Author: Eamonn Sheridan | Category: News

Reuters report the exchange is will require companies from some countries to raise $25 million in their IPO or, alternatively, at least a quarter of their post-listing market capitalization

Adds Reuters:

  • move that will make it more difficult for some Chinese companies to debut on its stock exchange
  • move is being driven largely by concerns about some of the Chinese IPO hopefuls' lack of accounting transparency and close ties to powerful insiders, the sources said.

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