MINISO was one of nine Chinese companies that listed on the New York Stock Exchange in 2020. Credit: MINISO
In 2020, most of the highly valued Chinese companies looking to list in the U.S. chose the New York Stock Exchange.
Nasdaq had a particularly good year with Chinese companies, but the relative few that listed on the NYSE — 9 to Nasdaq’s 26 Chinese listings last year — were more richly valued companies. The 229-year-old NYSE is known as the destination for more established companies, while Nasdaq attracts up-and-coming tech companies.
China's stock exchanges also reported strong listings in 2020. In Hong Kong, newly listed mainland companies raised about $50 billion last year, according to Deloitte China. And in Shanghai, the new STAR market has already helped more than 200 companies raise more than $45 billion since it began operating in July 2019.Read The Wire’s primer on the STAR market here.
The Wire examined the Nasdaq's Chinese listings in 2020 a few weeks ago. Now we turn to the NYSE, with highlights of some of the Chinese companies that debute
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