From NBC Universal: 2024-10-28 19:07:01

Chinese autonomous driving company WeRide listed on the Nasdaq on Friday with shares rising nearly 6.8%. Analysts predict an increase in Chinese IPOs in the U.S. and Hong Kong next year, following successful listings like WeRide and Pony.ai. Geopolitics and market changes have impacted U.S. IPOs of Chinese businesses in recent years.

Some large China-based companies have listed in New York since the Didi IPO faced regulatory scrutiny. Authorities have clarified the process for China-based companies to go public in the U.S. Recent IPOs in Hong Kong include Horizon Robotics and CR Beverage, with more companies planning listings. The overall pace of Hong Kong IPOs this year is slightly slower than expected.

Investor sentiment on Chinese stocks has improved, with many companies viewing Hong Kong as a way to test investor appetite for IPOs in other countries. Over half of IPOs on U.S. exchanges since 2023 have come from foreign-based companies, a 20-year high. Chinese electric truck manufacturer Windrose plans to list in the U.S. and Europe.

A recovery in Chinese IPOs can help funds cash out on early stage investments. Investors are looking at China again, with a greater potential for money coming back, valuation of companies, and fund performance. The nascent recovery includes investments in consumer products like milk tea and supermarkets. 1. The stock market saw a significant drop today, with the Dow Jones Industrial Average falling over 500 points. This comes as investors are concerned about rising inflation and the impact it will have on the economy.

2. A new study has found that the COVID-19 vaccine is highly effective at preventing hospitalizations and deaths. The study, which analyzed data from over 100,000 patients, showed that the vaccine was 95% effective at preventing severe illness.

3. In international news, tensions are escalating between Russia and Ukraine as Russian troops continue to build up along the border. The United States and European allies have expressed concern over the situation and are calling for a diplomatic resolution.

4. The latest unemployment numbers show a slight decrease in jobless claims, with 740,000 people filing for unemployment benefits last week. While this is a positive sign, economists warn that the road to economic recovery is still long and uncertain.

Read more: Chinese IPOs in the U.S., Hong Kong to rise next year, analysts say