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Wary of Some China IPOs in U.S., Global Banks Walk Away From Deals

  • Credit Suisse, Morgan Stanley among those to have pulled back
  • Most Chinese listings in U.S. from 2019 slid after IPO
An employee carries an EHang drone at their headquarters in Guangzhou, China, in 2017. 

An employee carries an EHang drone at their headquarters in Guangzhou, China, in 2017. 

Photographer: Qilai Shen/Bloomberg
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Global banking giants have grown more wary of underwriting initial public offerings by Chinese companies in the U.S., concerned about rising reputational risks after a string of disappointing deals.