China’s IPO Activity Seen Fading as Economic Woes Drag on Demand
By Filipe Pacheco
Drew Bernstein, co-chairman and co-founder, Marcum Asia was interviewed with Bloomberg.com regarding expectations for the IPO market in China and among Chinese companies in the United States.
In coming months, “Chinese IPOs are going be divided between security sensitive and non-sensitive technologies, and anything that’s been identified as strategic by the Chinese,” said Drew Bernstein, co-chairman of Marcum Asia in New York, adding that most offerings will be onshore as getting approval to trade abroad will most likely be hard to get. “Things like AI, semiconductors, maybe quantum computing, they’ll probably have to IPO on the A-share market.”