Deals
China Dot-Coms Rush to U.S. as Buyers Shrug Off Murky Structures
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Sky-high valuations mixed with murky corporate structures often scare off investors. That’s less so if the companies are from China.
From microblogging site Weibo Corp. to real-estate website Leju Holdings Ltd., China-based companies have announced more than $2.5 billion of U.S. initial public offerings in 2014, data compiled by Bloomberg show. That’s the most since the fourth quarter of 2007, when Chinese stocks in the U.S. peaked before losing almost two-thirds of their value. The rush isn’t slowing soon. Alibaba Group Holding Ltd. is preparing to file this month for the biggest IPO since at least 2012.