New York To See First Chinese IPO in Seven Months

New York is poised to see its first initial public offering by a Chinese company in seven months amid signs the city could see a new flurry of such listings, Nikkei reported.

Healthcare supplies maker Meihua International Medical Technologies is on track this week to price its debut share sale, which would raise up to $57.5 million, the report said, citing the New York Stock Exchange’s online IPO hub. New US stocks usually start to trade a day after pricing and eight Chinese companies have filed initial public registration statements, called F-1s, with the US Securities and Exchange Commission in the six weeks since December 30.

Read the full report: Nikkei.

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.