After making a cautious return in 2022, Chinese IPO issuance in the US appears to be on the upswing. Seven Chinese companies filed for US IPOs in February, the most since June 2021.
Chinese stocks rebounded in recent months alongside the country’s easing of its zero-Covid policy, with the Hang Seng Index returning 49% for the three months ended 1/31/23. While returns have slipped somewhat in February (-7%), IPO filers are looking to ride that earlier momentum with US listings.
Even as China loosens its own listing requirements, US markets continue to attract global IPO candidates. 14 Chinese companies went public in the US last year, and three have listed so far in 2023; they’ve mostly been small deals, with...
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