China’s U.S. IPO Queue to Shrink Amid Regulatory Crackdown

Broadened scrutiny by Beijing particularly bad for small firms
ByteDance said to have met with officials over data security

WATCH: China proposed new rules that would require nearly all companies seeking to list in foreign countries to undergo a cybersecurity review. John Liu reports.(Source: Bloomberg)

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By Filipe Pacheco

July 13, 2021 at 1:02 AM UTC

Updated on

July 13, 2021 at 2:15 AM UTC

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China’s crackdown on U.S. initial public offerings by its companies has put its burgeoning pipeline of potential listings at risk.

A medical data company, a fitness app and an e-commerce platform have, in the past week, postponed plans to go public in the U.S., as Beijing cracks down on tech and data-heavy firms listing stateside. There are about 70 other private firms based in Hong Kong and China set to go public in New York, according to data compiled by Bloomberg.