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SEC deal with accounting firms paves way for Chinese IPOs in US

Monday, February 9, 2015 - 05:50
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Alibaba Group raised a record US$25b in its September initial public offering at the New York Stock Exchange. Last year 37 China-based companies sold shares on US exchanges, up from 17 in 2013.

Washington

US regulators have ended a three-year standoff that could have jeopardised the listings of hundreds of China-based companies trading in the United States.

The Chinese affiliates of the four largest accounting firms each agreed to pay US$500,000 to resolve Securities and