CHINA’S IPOs WILL BE AFFECTED BY NASDAQ LISTING RULES

Highlights:

• Nasdaq will unveil new rules for initial public offerings (IPOs) which will include tougher accounting standards.
• The change in the rules came after the downfall of Luckin Coffee Inc. 
• Under the new rule, some of the countr...

China’s Luckin Coffee Files for US IPO

China’s Luckin Coffee (NASDAQ: LK) has filed its initial public offering with the U.S. Securities and Exchange Commission on Monday. The coffee chain intends to list on the Nasdaq Stock Exchange under the symbol “LK.” Luckin has also set a placeholder amount of USD 100 Million to indicate the siz...