The US welcomed the most initial public offerings for Chinese companies since 2010 in spite of a high-profile trade war between the two countries that threatened the cross-border flow of goods and roiled financial markets in 2018.
Some 33 Chinese companies listed on the New York Stock Exchange and Nasdaq, including Tencent Music Entertainment, video platform iQiyi and electric car maker Nio.
Proceeds from the listings topped $9bn, but fell far short of 2014’s $29bn, a figure boosted by the $25bn IPO from Chinese ecommerce giant Alibaba.
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