重大调整！事关赴美IPO

Group 1 - Nasdaq has proposed to increase the minimum public float and fundraising requirements for new listings, aiming to expedite the delisting process for companies with listing deficiencies [1][2] - The new standards include a minimum public float market value of $15 million for companies choosing to list based on net income, up from the previous $5 million [2] - Companies from "restricted markets" will now have a minimum fundraising requirement of $25 million for public offerings [2][3] Group 2 - The new regulations are designed to protect investors and maintain market integrity, reflecting efforts by regulators and market participants to standardize securities trading behavior [4] - Recent internal reviews by Nasdaq revealed a surge in suspicious trading activities, particularly related to "pump and dump" schemes [4][5] - Since August 2022, nearly 70% of cases submitted by Nasdaq to U.S. regulators have involved companies primarily operating in China [7] Group 3 - The new rules may increase the difficulty for small and medium-sized Chinese enterprises to list on Nasdaq, as many have previously raised small amounts of capital between $5 million and $15 million [8] - In 2024, 52 Chinese companies are expected to list on Nasdaq, with 39 of them having already done so this year [8]