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 countries including China will have to raise at least $25 million in their IPOs or at least a quarter of their post-listing market capitalization. 
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  Tags : Nasdaq, Chinese firms, Luckin Coffee, IPOs, US,

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