In the news: Routes to going public

Initial public offerings in China and Indonesia hit the headlines, while other routes to going public are also in the limelight
by Bethan Rees

iStock-617397564_1920
Shanghai-based cloud services provider UCloud Technology has raised ¥1.94bn in an IPO on China’s STAR Market, “becoming the first company with a dual-class share structure to float shares” in mainland China, according to Eudora Wang reporting for DealStreetAsia. A dual-class share structure, such as that used by Facebook and Alibaba Group, has “unequal voting rights that enables the founder to retain control of the company after the IPO”, Wang writes.
CISI members can sign in to continue reading
Published: 24 Jan 2020
Categories:
  • The Review
Tags:
  • dual-class share structure
  • Indonesia
  • SPAC
  • IPO
  • China

No Comments

Sign in to leave a comment

Leave a comment