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The IPO would have valued the company at about $60b.
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During January-March 2024, money raised via China IPOs plunged two-thirds from a year ago.
India
India has emerged as the second busiest market for equity capital market deals after the US.
Companies getting into legal disputes with their early-stage investors for missing listing deadlines.
There have been four such transactions so far this year.
World
The US would be the likely venue, sources told Reuters.
The IPO valued Reddit at $6.4 billion, and the company and its selling shareholders raised $748 million.
The firm is said to be weighing an IPO in Hong Kong.
The deal reduces Borse Dubai’s stake in Nasdaq to 10.8%.
Foreign investors gravitate toward fast-growing economy as China risks mount.