23 July 2021
Morrison & Foerster Partner and global chair of the private equity group, Marcia Ellis, is quoted in an article "China’s new IPO rules could hinder companies from bike-rental firm Hello to Spark Education preparing for US listings" by South China Morning Post.
The article discusses the challenges companies could face with their listing plans in the US after Beijing tightened its rule on initial public offerings. Marcia believes it is still very unclear what impact any new regulations that may be issued based on this high level guidance will have. "Having said that, this is another signal among many signals from both the US and China that will likely lead to a considerable amount of uncertainty in the next few years, particularly for Chinese companies listed on US exchanges", Marcia said.
For further information, please contact:
Marcia Ellis, Partner, Morrison & Foerster