It’s been a strong year for initial public offerings in the U.S. so far. Over $37 billion—including the exercise of over-allotment options—was raised through more than 100 public offerings in the first six months of 2019, including high-profile tech names. But one group has been notably less active this year in the U.S. market—Chinese companies.
China’s latest experiment with a Nasdaq-like listing venue for homegrown technology companies got a boost this week, after the first initial public offering of an electrical-equipment maker drew hordes of investors.
China’s capital controls are making their mark on New York’s luxury real estate market. In an effort to shore up its currency, the world’s second biggest economy has been cracking down on money leaving the country, and there are significant concerns about its real estate developers’ levels of US dollar debt.