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China’s regulatory heavy-handedness could deter US-bound IPOs

bynewsdesk
July 10, 2021

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Law360 (July 9, 2021, 6:37 PM EDT) — China’s regulatory crackdown on the data security policies of companies listed abroad could cause more potential IPOs to think twice before raising capital in the United States, leading a significant portion of the US IPO pipeline, experts say.

Over the past week, Chinese regulators charged the giant Didi Global Inc. ordered to remove its Didi Travel app in China, citing violations in the collection of users’ personal data. The move came shortly after Didi completed a $4.4 billion blockbuster IPO in the United States.

The Cyberspace Administration of China also has subsidiaries of US-listed Kanzhun Ltd. and full…

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