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小企业赴美上市难度加大 港交所或成选择
Sou Hu Cai Jing· 2025-09-27 10:51
| | 2025年在纳斯达克上市的中概股募资前十一览 | | | --- | --- | --- | | 证券简称 | 上市日期 | 首发募资总额(万美元) | | 霸王茶姬 | 2025年4月17日 | 41115.17 | | 亚盛医药 | 2025年1月24日 | 12635.63 | | 元保 | 2025年4月30日 | 3000.00 | | 一直田 | 2025年8月19日 | 2054.10 | | 健永生技 | 2025年6月17日 | 2000.00 | | 华通金融 | 2025年4月1日 | 1750.00 | | MAJESTIC IDEAL | 2025年7月18日 | 1500.00 | | MEGA FORTUNE | 2025年7月16日 | 1500.00 | | OFA | 2025年5月21日 | 1500.00 | | 软云科技 | 2025年4月8日 | 1500.00 | 数据来源:Wind 陈霞昌/制表 证券时报记者 陈霞昌 "我们还在评估新规影响,还不确定怎么调整。"王圣告诉记者。王圣是深圳一家跨境电商企业的创始 人,一直在为公司境外上市做准备。美国纳斯达克交 ...
纳斯达克拟推上市新规!影响有多大?
证券时报· 2025-09-27 03:46
Core Viewpoint - Nasdaq is proposing to raise the listing thresholds for companies, which will significantly impact Chinese enterprises planning to go public in the U.S. [1][3] Group 1: Proposed Listing Standards - The new regulations will increase the minimum public float market value for IPOs to at least $8 million for the global market and $5 million for the capital market, with a unified increase to $15 million for companies listing based on net profit [3]. - Chinese companies will be required to raise at least $25 million through public offerings during their IPOs [3]. - The proposed changes aim to maintain market integrity and enhance investor protection, particularly against potential stock price manipulation [3]. Group 2: Impact on Chinese Companies - In the current year, 59 companies have gone public on Nasdaq, raising a total of $1.02 billion, with an average fundraising of $17.3 million; only three companies raised over $25 million [4]. - The new rules will likely have a significant impact on the ability of small Chinese enterprises to list on Nasdaq, as many of these companies have small issuance scales [4]. Group 3: Increased Delisting Pressure - The proposed regulations introduce new conditions that could lead to immediate delisting if a company fails to meet ongoing listing requirements, such as maintaining a market value of at least $5 million for ten consecutive trading days [6]. - Companies that do not meet these conditions will not have a grace period and could face immediate suspension of trading [6]. Group 4: Recommendations for Companies - Companies planning to go public in the U.S. should prepare in advance by assessing their current stage and considering alternative markets, such as the New York Stock Exchange or Hong Kong Stock Exchange, which have less stringent requirements [8][9]. - For companies already listed, it is advised to focus on core business operations, optimize asset structures through mergers and acquisitions, and regularly communicate with investors to ensure compliance with listing standards [9].