China Tech Firms Eye US Listings Despite Widespread Ructions
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Beijing Smart Walnut Education Technology Co., a provider of services that help children learn to code, is one of several Chinese firms considering initial public offerings in the US despite market turmoil and friction between Washington and Beijing, according to people familiar with the matter.
Walnut Coding, as Beijing Smart Walnut Education Technology is known, could seek to raise about $100 million in a US listing, the people said, asking not to be identified because the deliberations are private.