(Bloomberg) — Chinese companies are choosing to make their market debuts in the U.S., even as Beijing and Washington spar over everything from trade and coronavirus to audit access.
Firms based in China have raised $9.1 billion through U.S. initial public offerings this year, according to data compiled by Bloomberg, putting 2020 on course for the highest annual total since 2014. The list is still growing: Chinese budget consumer goods retailer Miniso Group Holding Ltd. has started its U.S. IPO that could raise as much as $562 million, while Lufax Holding Ltd., a Chinese fintech firm, filed this week for a U.S. listing that could potentially raise at least $3 billion.
“The U.S. remains an attractive venue for Chinese companies to list,” Tucker Highfield, co-head of equity capital markets for Asia Pacific at Bank of America Corp., said in a phone interview. The U.S. still offers Chinese firms