News Column

China Companies Helped NY Exceed HK by IPO Size

August 6, 2014

BEIJING, August 6, SinoCast -- New York re-became the first choice for global companies to achieve cross-border listing, the first time New York exceeding Hong Kong by the transaction size of overseas listing.

New York Stock Exchange mainly benefited from a large number f Chinese companies debuting on the NASDAQ stock market in the first half of this year, including e-commerce company Jingdong (NASDAQ: JD).

Chinese-version Twitter Weibo (NASDAQ:WB) also listed in New York this April. Leju Holdings Ltd ADR (NYSE:LEJU), providing online real estate services for 250 Chinese cities, also debuted in New York.

Besides, Alibaba has registered on the New York Stock Exchange and will start share trading later this year and is expected to create the largest IPO with a size of more than USD 20 billion.

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Source: Sinocast Investing & Securities Beat (China)

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