Deals
Nasdaq Set to Tighten Listing Rules, Impacting Chinese IPOs
- Exchange plans to set a fundraising minimum of $25 million
- New rules target firms from countries with restrictive markets
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Nasdaq Inc. is planning new rules that would make initial public offerings more difficult for some Chinese companies, thrusting the U.S. exchange into the middle of an increasingly contentious debate over financial linkages between the world’s largest economies.
The proposed regulations include minimum fundraising thresholds and stricter requirements for auditors, according to Nasdaq filings with the Securities and Exchange Commission seen by Bloomberg News. While the rules wouldn’t only apply to China, companies from there would be among the most affected.