Boom in China Firms Listing in the U.S. Comes to Sudden Halt
- Hello, Ximalaya, Qiniu are among Chinese companies holding off
- Waterdrop, which listed May 7, has tumbled 38% from IPO price
This article is for subscribers only.
At least three Chinese companies have put their plans to list in the U.S. on hold, heralding a slowdown in what’s been a record start to a year for initial public offerings by mainland and Hong Kong firms.
A bike-sharing platform, a podcaster and a cloud computing firm are among popular Chinese corporates holding off plans for a U.S. float, put off by recent market declines, souring investor sentiment toward fast-growth companies and lackluster debuts by peers like Waterdrop Inc.