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Nasdaq cracks down on IPOs of small Chinese companies

Updated : September 30, 2019 10:37 AM IST

Nasdaq Inc is cracking down on initial public offerings (IPOs) of small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers.
At a time of escalating tensions between the United States and China over trade and technology, Nasdaq's curbs on small Chinese IPOs represent the latest flashpoint in the financial relationship between the world's two largest economies.
Small Chinese firms pursue these IPOs because they allow their founders and backers to cash out, rewarding them with US dollars they cannot easily access because of China's capital controls.
Nasdaq cracks down on IPOs of small Chinese companies
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