
Cryptocurrencies
Nasdaq to Tighten IPO Rules for Chinese Firms, Affecting Crypto Potential
Nasdaq, the world’s second-largest stock exchange, is reportedly planning to implement new restrictions on initial public offerings (IPOs) to limit the listing of smaller Chinese companies, according to a recent report by Reuters citing anonymous sources.
The sources suggest that many Chinese firms seeking IPOs typically lack accounting transparency and maintain close connections with influential insiders. As a result, the new regulations are expected to introduce a minimum valuation requirement for IPOs listed on Nasdaq for the first time.
These changes could impact the landscape for companies looking to enter the public market, particularly those from China.