Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny Toggle share menu
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Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny
Investors rest on a chair in front of screens showing stock market movements at a securities company in Beijing on Aug 26, 2019. (Photo: AFP/Wang Zhao)
12 Apr 2021 09:22AM (Updated:
12 Apr 2021 09:30AM) Share this content
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HONG KONG: A growing number of Chinese tech start-ups are cancelling plans to list on Nasdaq-style markets at home with some eyeing Hong Kong share sales instead, as regulators tighten scrutiny of IPO applicants after the halting of Ant Group s US$37 billion float.
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