Boustead's Dan McClory Discusses Nasdaq Restrictions On Chinese Listings with Channel News Asia
Nasdaq's new restrictions on IPOs and accounting transparency, may impact Chinese companies looking to debut on its stock exchange
In May 2020 the Senate approved legislation that could lead to Chinese companies being barred from listing on U.S. stock exchanges amid increasingly tense relations between Washington D.C. and Beijing.
“The IPO’s that were seeing in the first half of this year got started months ago," says Dan McClory." Adding that if Chinese sentiment about listing in the US is going to be affected, "then we may see that in the second half of this year or the first half of next year.”