Nasdaq Intensifies Scrutiny On Small Chinese And Hong Kong IPOs Following 2022's Extreme Volatility: Report
Portfolio Pulse from Benzinga Neuro
Nasdaq Inc. (NASDAQ:NDAQ) is increasing scrutiny on small IPOs from China and Hong Kong to prevent volatility seen in 2022. The rigorous vetting process focuses on the identity and independence of pre-IPO investors, extending the IPO process and adding uncertainty. This move affects around 20 companies that have raised $195 million this year.
June 20, 2024 | 5:18 am
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Nasdaq Inc. is increasing scrutiny on small IPOs from China and Hong Kong to prevent volatility, affecting around 20 companies and adding uncertainty and costs to the IPO process.
The increased scrutiny by Nasdaq Inc. aims to prevent volatility and ensure investor independence, which could stabilize the market but also add uncertainty and costs to the IPO process. This move is significant but does not indicate a clear short-term price direction for NDAQ.
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