China's US IPO queue to shrink amid regulatory crackdown

The curbs came as Chinese authorities ordered virtual stores to remove apps for Didi Global days after its US listing.
The curbs came as Chinese authorities ordered virtual stores to remove apps for Didi Global days after its US listing.PHOTO: REUTERS

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.

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