News > China tech IPOs plunge as regulators turn tough on start-ups
China tech IPOs plunge as regulators turn tough on start-ups
30/10/2023 10:28 AM | Click to read full article
A record number of companies have dropped plans to list on Shanghai’s tech-focused stock market, with regulators raising the bar for Initial Public Offerings (IPO) in order to pick out domestic champions that can help Beijing’s drive towards technological self-sufficiency. Public records show 126 companies have cancelled or suspended IPO applications on Shanghai’s Star Market so far in 2023, more than in the previous four years combined.
