China’s list of the United flop is even more misleading

More than two-thirds of Chinese nationals enrolled in the US this year have declined at the lowest cost of financing, despite having a strong track record of earning money, as regulatory reviews affect economic sentiment.

The market share price comes after 34 Chinese companies raised $ 12.4bn in New York floating at the end of 2021, which Dealogic research has shown, consistently in all of these cases. That compares with 18 lists that raised $ 2.8bn immediately over the last year.

The leader has given the first record Wall Street winds, and financial banks including Goldman Sachs and Morgan Stanley are making about $ 460m, according to Dealogic.

But about 70% of Chinese companies sell at a lower IPO price, probably due to strong growth from Beijing and Washington.

This includes RLX Technology, the largest cigarette manufacturer in China, which earned $ 1.4bn in January. Prices have dropped by 71% after the country passed a law banning e-cigarettes in March.

Didi Chuxing, a group of high-profile passengers who stayed the largest Chinese company that can register in the US this year after raising $ 4.4bn in New York last week, it met with the right review.

Its shares it fell hard On Friday, a cyber security official in China announced that Didi was being investigated. However, Didi’s assets are still above the IPO.

The company was the largest floating in China in the US since Jack Ma’s group at ecommerce Alibaba in 2014 raised $ 25bn, although Didi cut a starting price of $ 7bn.

“There are concerns about other areas and serious legal concerns, so to make more money now you have to make it to attract long-term funding,” said a Hong Kong fund manager who has invested in Chinese trade in the US.

Full Truck Alliance, which provides Uber-like services to Chinese car dealerships, earned $ 1.6bn on the New York Stock Exchange last month but its shares fell below its IPO price.

Chinese retailers have also done worse. MissFresh, a Chinese grocery store sponsored by internet company Tencent, sells 34% lower in price after it was unveiled in June. DingDong backed by SoftBank reduced its IPO target by more than 70 percent before it was mentioned. Shares closed on their first day of trading, although they rose by almost 20%.

Raj Ganguly, a shareholder in the capital B Capital Group, which sells in the US and China, said: “For many investors… . ”

Chinese companies are they are facing eagles from Beijing and Washington.

Early revision of technical authorities, which included paying Alibaba a record $ 2.8bn, has reached the Chinese stocks cited in the US. The Nasdaq Golden Dragon China Index, which follows the Chinese technical specifications cited in New York, is 8%, compared to the 13% increase in the US Nasdaq Composite.

In the US, Chinese companies intimidation if they fail to follow the light of the analysis. Even more enlightenment has come list of secondary lists and similar groups in Hong Kong, have not honored the pace of US protests.

“History is on the rise [in fundraising] is not the same as the Chinese people who want to give more money than those who sell money in the United States, ”said the head of financial services at a European bank in Hong Kong.