China IPO Review: Offering sizes halved in March, Luckin scandal to weigh on investor confidence

China IPO Review: Offering sizes halved in March, Luckin scandal to weigh on investor confidence

A digital display in Hong Kong shows stock market figures. Photo: Leung Cho Pan

IPO activity of Chinese firms continued to be sluggish in March and the pace is likely to last a few months as aspirants hold back from going public amid continued market volatility. The alleged accounting frauds of Chinese-listed firms in the US, including Luckin Coffee, have further eroded investor confidence.

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