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China is clarifying rules for overseas IPOs. Here's what we still don't know.
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BEIJING — Half a year since the rush of Chinese IPOs to the U.S. dried up, many details remain unknown for companies wanting to pursue such international listings.
Since the fallout over Chinese ride-hailing app Didi's IPO in late June, authorities have increased their scrutiny of Chinese companies raising billions of dollars in U.S. public markets. A 10-year high of 34 China-based companies listed in the U.S. this year, but only three of the IPOs have occurred since July, according to
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