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Forbes quoted Drew Bernstein, Co-Managing Partner at Marcum Bernstein & Pinchuk, regarding the launch of the NASDAQ style stock market, STAR, in Shanghai.

In the News | Jul 10, 2019

Excerpt:

“The opening day performance of the first round of STAR IPOs was impressive, and CEOs and private equity firms will undoubtedly be watching carefully to see if those heady valuations of the first day can be sustained. A pipeline of 140 companies have reportedly already filed to list.

But the STAR market may not be right for all of China's tech unicorns. An overseas listing offers many advantages that are not available in China, including the ability to tap billions of dollars of institutional capital, the flexibility to do multiple equity and debt offerings over time, and the liquidity for founders and private equity sponsors to sell part of their holdings while not being subject to currency controls.”

Click here to read full article as PDF >>

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