Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

China-based companies raised $11.7 billion through U.S. IPOs this year, the most since 2014

China-based companies raised $11.7 billion through U.S. IPOs this year, the most since 2014

Investor appetite for Chinese companies in U.S. stock markets rose to a six-year high in 2020 despite tensions between the two countries.

China-based companies raised $11.7 billion through 30 initial public offerings in the U.S. this year, according to a Dec. 17 report from Renaissance Capital.

That marks the highest amount of capital raised since 2014, when 16 China-based companies raised $25.7 billion, the report said. Alibaba accounted for the bulk of that year’s raise as the biggest IPO to date at the time.


Major Chinese IPOs in the U.S. this year included financial technology company Lufax and online real estate platform Ke, both of which ranked among the ten largest public offerings in America this year, according to Renaissance Capital.

Walmart-invested grocery delivery company Dada, electric vehicle start-ups Xpeng and Li Auto and BlueCity, owner of China’s largest LGBTQ dating app, were among other major listings in New York this year.

Chinese companies’ enthusiasm for U.S. markets came despite a tumultuous year for relations between the world’s two largest economies. In addition to ongoing trade tensions, U.S. President Donald Trump’s administration has sought to keep American capital from investing in Chinese assets.

The coronavirus pandemic has also slowed cross-border business activity and led to an international dispute over whether Covid-19 originated in China as well as how much China is to blame for the pandemic.

Earlier this year, some Chinese businesses delayed their plans for listing in the U.S. amid the pandemic as well as the revelation of an accounting scandal at Luckin Coffee in April. Nasdaq delisted the company this summer, just about a year after the Chinese start-up became the first company since 2000 to achieve a $3 billion valuation in less than 24 months.

Other Chinese companies have fallen dramatically. Since listing on the New York Stock Exchange in January, shares of Phoenix Tree have plunged about 76% due to concerns about the financial health of subsidiary Danke, a residential rental company.

Phoenix Tree is the worst-performing IPO of the year, Renaissance said. Overall, the firm’s analysis found Chinese companies that raised at least $100 million this year have, on average, netted total returns of 81%.

The Renaissance Capital data included Hong Kong-based companies. The analysis excluded unique IPO situations such as listings of special-purpose acquisition companies (SPACs) and best-effort IPOs, as well as deals raising less than $5 million or companies with a market capitalization of less than $50 million.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
EU Seeks ‘Farage Clause’ in Brexit Reset Talks With Britain
Germany Hit by Major Airport Strikes Disrupting European Travel
Russia Deploys Hypersonic Missile in Strike on Ukraine
There is no sovereign immunity for poisoning millions with drugs.
Béla Tarr, Visionary Hungarian Filmmaker, Dies at Seventy After Long Illness
German Intelligence Secretly Intercepted Obama’s Air Force One Communications
The U.S. State Department’s account in Persian: “President Trump is a man of action. If you didn’t know it until now, now you do—do not play games with President Trump.”
President Trump Says United States Will Administer Venezuela Until a Secure Leadership Transition
Delta Force Identified as Unit Behind U.S. Operation That Captured Venezuela’s President
Europe’s Luxury Sanctions Punish Russian Consumers While a Sanctions-Circumvention Industry Thrives
Europe’s Largest Defence Groups Set to Return Nearly Five Billion Dollars to Shareholders in Twenty Twenty-Five
Diamonds Are Powering a New Quantum Revolution
The Battle Over the Internet Explodes: The United States Bars European Officials and Ignites a Diplomatic Crisis
Fine Wine Investors Find Little Cheer in Third Year of Falls
Caviar and Foie Gras? China Is Becoming a Luxury Food Powerhouse
Hackers Are Hiding Malware in Open-Source Tools and IDE Extensions
Traveling to USA? Homeland Security moving toward requiring foreign travelers to share social media history
Trump in Direct Assault: European Leaders Are Weak, Immigration a Disaster. Russia Is Strong and Big — and Will Win
EU Firms Struggle with 3,000-Hour Paperwork Load — While Automakers Fear De Facto 2030 Petrol Car Ban
White House launches ‘Hall of Shame’ site to publicly condemn media outlets for alleged bias
European States Approve First-ever Military-Grade Surveillance Network via ESA
The Ukrainian Sumo Wrestler Who Escaped the War — and Is Captivating Japan
MediaWorld Sold iPad Air for €15 — Then Asked Customers to Return Them or Pay More
Car Parts Leader Warns Europe Faces Heavy Job Losses in ‘Darwinian’ Auto Shake-Out
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
U.S. Envoys Deliver Ultimatum to Ukraine: Sign Peace Deal by Thursday or Risk Losing American Support
The U.S. State Department Announces That Mass Migration Constitutes an Existential Threat to Western Civilization and Undermines the Stability of Key American Allies
A Decade of Innovation Stagnation at Apple: The Cook Era Critique
German Entertainment Icons Alice and Ellen Kessler Die Together at Age 89
AI Researchers Claim Human-Level General Intelligence Is Already Here
Tragedy in Serbia: Coach Mladen Žižović Collapses During Match and Dies at 44
Trump–Putin Budapest Summit Cancelled After Moscow Memo Raises Conditions for Ukraine Talks
Elon Musk Unveils Grokipedia: An AI-Driven Alternative to Wikipedia
Russia’s President Putin Declares Burevestnik Nuclear Cruise Missile Ready for Deployment
US Administration Under President Donald Trump Reportedly Lifts Ban on Ukraine’s Use of Storm Shadow Missiles Against Russia
White House Announces No Imminent Summit Between Trump and Putin
China Presses Netherlands to “properly” Resolve the Nexperia Seizure as Supply Chain Risks Grow
Merz Attacks Migrants, Sparks Uproar, and Refuses to Apologize: “Ask Your Daughters”
Apple Challenges EU Digital Markets Act Crackdown in Landmark Court Battle
Shouting Match at the White House: 'Trump Cursed, Threw Maps, and Told Zelensky – "Putin Will Destroy You"'
‘No Kings’ Protests Inflate Numbers — But History Shows Nations Collapse Without Strong Executive Power
"The Tsunami Is Coming, and It’s Massive": The World’s Richest Man Unveils a New AI Vision
EU Moves to Use Frozen Russian Assets to Buy U.S. Weapons for Ukraine
Europe Emerges as the Biggest Casualty in U.S.-China Rare Earth Rivalry
“Firepower” Promised for Ukraine as NATO Ministers Meet — But U.S. Tomahawks Remain Undecided
The Sydney Sweeney and Jeans Storm: “The Outcome Surpassed Our Wildest Dreams”
Dutch Government Seizes Chipmaker After U.S. Presses for Removal of Chinese CEO
AI and Cybersecurity at Forefront as GITEX Global 2025 Kicks Off in Dubai
Ex-Microsoft Engineer Confirms Famous Windows XP Key Was Leaked Corporate License, Not a Hack
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
×