Drew Bernstein, co-founder and co-chairman of Marcum Asia, is quoted in South China Morning Post regarding the 2024 IPO market outlook in China.
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South China Morning Post
By Coco Feng
“In China, what’s going to happen is that you’ll have two groups of companies,” said Drew Bernstein, co-founder and co-chairman of accounting firm Marcum Asia, which has been an auditor and adviser for Chinese companies since 1999.
“One group is going to be considered security sensitive, and they have to go public in the local markets, inclusive of Hong Kong,” Bernstein said. “The other group can go public outside China with government permission.”