More Chinese Firms Are Coming to List in the US
James Boynton
/SOURCE : yicai

 

(Yicai Global) Nov. 21 -- Thirty Chinese companies have listed in the United States so far this year, setting an annual record dating back to the first American listing by a Chinese firm 11 years ago.

More than half of those listing this year offer internet software and services, consumer services or online and catalog retailing, data from market researcher Wind shows.

Just fourteen of the stocks were still above their issue price as of Nov. 5, according to the data. Fintech-focused AGM Group Holdings was the biggest riser at almost six times its initial price, making it the only one to at least double in value. Studio City International, which owns a gaming resort in Macao, was the second-best gainer after climbing 98.3 percent.

The stragglers among the Chinese firms were not alone. The New York Stock Exchange benchmark has slid 3 percent over the course of this year, although the Nasdaq has proved more fruitful with a 5 percent gain.

Editor: James Boynton 

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Keywords: Chinese Companies , IPO