Exclusive: Nasdaq is set to tighten rules on initial public offerings, which will restrict IPOs for Chinese companies
Nasdaq Inc is set to unveil new restrictions on initial public offerings (IPOs), a move that will make it more difficult for some Chinese companies to debut on its stock exchange, people familiar with the matter said on Monday.
Sources: Nasdaq to unveil new rules requiring companies from some countries, including China, to raise $25M+ or 25%+ of post-listing market cap in their IPOs ( / Reuters)