Chinese firms raised almost $12 billion through IPOs on US exchanges this year ...News

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Chinese firms raised almost $12 billion through IPOs on US exchanges this year
A new report by Renaissance Capital found that investor appetite for Chinese companies in US stock markets rose to a six-year high in 2020 despite trade tensions between the two countries. The data showed that China-based companies raised $11.7 billion through 30 initial public offerings in the United States this year. That’s the highest amount of capital raised since 2014, when 16 China-based companies raised $25.7 billion. The report has found that e-commerce giant Alibaba accounted for the bulk of that year’s listings as the biggest IPO to date at the time. Renaissance said that earlier this year some Chinese businesses had delayed

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