Reported 8 months ago
Nasdaq Inc. is intensifying its examination of small initial public offerings from China and Hong Kong to prevent a recurrence of the drastic fluctuations seen in a few deals two years ago. The increased scrutiny involves questioning the identity and independence of pre-IPO investors, resulting in longer review processes and added uncertainty to what is typically a quick assessment. The move comes as more companies from China and Hong Kong turn to Nasdaq for fundraising amid geopolitical tensions.
Source: YAHOO