Strategic Intelligence for CFOs, Finance Directors, Controllers and Treasurers in Asia  | 
2012, May 22

Fed Up Chinese Businesses Shift From Wall Street to Hong Kong

Home > News > Fed Up Chinese Businesses Shift From Wall Street to Hong Kong
News

Fed Up Chinese Businesses Shift From Wall Street to Hong Kong

by CFO Innovation Asia Staff, 09 December 2011
topics:
Corporate Finance Finance and Banking
tags:
delisting initial public offering Wall Street
Thumbnail: 

Chinese companies are leaving Wall Street after raising US$7.8 billion from investors in initial public offerings during the past 12 years.

 

Since 2010, 18 U.S.-listed Chinese companies have announced delisting plans, according to data from Roth Capital Partners LLC, a Newport Beach, California-based financial firm.

 

Bloomberg reports that Chinese companies are delisting in New York because valuations are significantly higher in Hong Kong. Companies prefer Hong Kong because listing in Shanghai or Shenzhen would require them to restructure into domestic Chinese firms.

 

Citing examples, Bloomberg says Perfect World Co., China’s fourth-biggest online games operator, trades at 3.9 times its estimated earnings in New York, while smaller rival NetDragon Websoft Inc. is valued at 13 times in Hong Kong.

 

 

MORE ARTICLES ON INITIAL PUBLIC OFFERING

Original Article URL: 
Chinese Companies Tired of Wall Street Shift to Hong Kong: Tech
Orignal Author: 
CFO Innovation Asia Staff
Quote Image: 
Original Article URL:

Related articles

Comment on this article

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <a> <p> <span> <div> <h1> <h2> <h3> <h4> <h5> <h6> <img> <img /> <map> <area> <hr> <br> <br /> <ul> <ol> <li> <dl> <dt> <dd> <table> <tr> <td> <em> <b> <u> <i> <strong> <font> <del> <ins> <sub> <sup> <quote> <blockquote> <pre> <address> <code> <cite> <embed> <object> <strike> <caption>
  • Lines and paragraphs break automatically.
  • Use <!--pagebreak--> to create page breaks.

More information about formatting options

Verification Code
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

Accounting and Regulations

CFO innovation Asia Accounting and Regulation the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Accounting Regulation, IFRS, US GAAP, Tax, investor relations, corporate governance, Corporate Law, Financial Regulators, Internal Audit, Audit, Corporate Law.
Auditing, Investor Relations, Law and Compliance, Tax

Finance and Banking

CFO innovation Asia, Finance and Banking the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Corporate Finance, trade finance, treasury and risk management, capital expenditure, Banking, mergers and acquisitions
Cash and Liquidity Management, Corporate Finance, Insurance, Treasury Management

Management

CFO innovation Asia the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Management, Corporate Governance, Human Resource Management, Compensation and Benefits, Mergers and Acquisitions, Professional Development, Corporate Real Estate, Risk Management, Budgeting and Forecasting, Business Process Management, Business Process Reengineering, Outsourcing.
Budgeting and Planning, Business Expense Management, Human Capital Management, Outsourcing and Shared Services, Risk Management

Metrics

Corporates, Financial Services

Technology

CFO innovation Asia Technology the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Systems, Business Intelligence, EPR, Accounting software, CRM, Cloud Computing, Telecommunications, Business Process Outsourcing, Business Process Management Software.
Business Intelligence, Enterprise Software and Systems, Financial Systems, Security