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China's US IPO queue to shrink amid regulatory crackdown
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The curbs came as Chinese authorities ordered virtual stores to remove apps for Didi Global days after its US listing.
PHOTO: REUTERS
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DUBAI (BLOOMBERG) - China's crackdown on United States initial public offerings (IPOs) by its companies has put its burgeoning pipeline of potential listings at risk.
A medical data company, a fitness app and an e-commerce platform have, in the past week, postponed plans to go public in the US, as Beijing cracks down on tech and data-heavy firms listing stateside. There are about 70 other private firms based in Hong Kong and China set to go public in New York, according to data compiled by Bloomberg.
