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China Investigation Triggers Delay in 60+ IPOs

Source: pymnts.com pymnts.com
News Snapshot:

More than 60 initial public offerings (IPOs) across China — including Deutsche Bank AG’s Chinese securities venture — are on hold as regulators look into the law firms and underwriters behind them, Reuters reported Friday (Jan. 28). Chinese stock market disclosures from Wednesday (Jan. 26) showed that 12 planned IPOs in Shanghai’s STAR Market, the tech hub of the nation, and 48 more in Shenzhen’s startup cluster ChiNext were on hold as the investigation into the backers behind them continues, the report says. Each of the 60 companies seeking a public launch had hired one or more of three companies…

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