Chinese tech companies are gearing up for the launch of Shanghai’s new technology innovation board. Internet of Things’ start-ups are set to be the greatest beneficiaries when it goes live in a few months’ time.
The new board will adopt a registration-based IPO system. Most importantly, the rules lower the listing threshold with a focus on RD credentials instead of profits, which allows companies that are yet to make a profit to list.
It also increases the portion for offline allotment - all good news for technology startups in China.
Investment banks have already received a notice from the Shanghai Stock Exchange that...
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