Policy for Nasdaq listing comes despite increasing scrutiny of Asia dilemmas
HONG KONG — The operator of Asia’s biggest gay app that is dating Blued, is preparing a preliminary general public providing into the U.S. despite Washington’s ever-increasing suspicion of Chinese organizations noted on U.S. stock exchanges.
Beijing-based BlueCity Holdings, which includes significantly more than 6 million month-to-month users on its social network platform, aims to increase at the very least $50 million from the Nasdaq trade, relating to a prospectus filed because of the U.S. Securities and Exchange Commission on Tuesday.
BlueCity’s move comes as U.S.-listed Chinese https://besthookupwebsites.net/nl/chatki-overzicht/ organizations face growing regulatory headwinds. This month, President Donald Trump asked U.S. regulators to place ahead methods to tighten up scrutiny of brand new York-listed Chinese organizations within 60 days, increasing issues that Chinese businesses can be ousted from U.S. Continue reading “Chinese gay relationship software Blued seeks $50m IPO in United States”