A few high-profile Chinese listings outside the mainland are adding to expectations for a pickup in initial public offerings next year.
"Chinese companies are becoming increasingly interested in getting listed in Hong Kong or New York, due to difficulty in getting listed in Mainland China and pressure from shareholders to quickly achieve an exit," said Marcia Ellis, Hong Kong-based global co-chair of private equity practice, Morrison Foerster.
BEIJING — Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts said, as some high-profile listings outside the mainland this year raise investor optimism over profitable exits.listed on the Nasdaq Friday with shares rising nearly 6.8%. Earlier this month, Chinese robotaxi operator Pony.ai also filed paperworkFew large China-based companies have listed in New York since the Didi IPO in the summer of 2021 increased scrutiny by U.S. and Chinese regulators on such listings.
Many Chinese companies that list in Hong Kong also see it as a way to test investors' appetite for an IPO in another country, said Reuben Lai, vice president, private capital, Greater China at Preqin.
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