(Bloomberg) — Nasdaq is set to unveil new rules for initial public offerings including tougher accounting standards that will make it more difficult for some Chinese companies to list on the exchange.Under the new rules, companies from countries, including China, will need to raise at least $25 million in their IPO or alternatively at least a quarter of their post-listing market capitalization, according to Nasdaq filings seen by Bloomberg News. Many IPOs by Chinese firms are smaller than that and are thinly-traded as shares are held by a small group of insiders.“The exchange believes that the proposal to require a …read more
Source:: Yahoo Finance
