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Stock impact report

Chinese companies still hope for New York IPOs — despite recent fraud, scandals and coronavirus [CNBC]

HUYA Inc. American depositary shares, each representing one Class A ordinary share (HUYA) 
Last huya inc. american depositary shares, each representing one class a ordinary share earnings: 3/16 06:00 pm Check Earnings Report
Company Research Source: CNBC
Xueling Li, chairman of Huya Inc., center left, rings a ceremonial bell with Rongjie Dong, chief executive officer of Huya Inc., center right, during the company's initial public offering on the floor of the New York Stock Exchange, May 11, 2018.Michael Nagle | Bloomberg | Getty ImagesFor many Chinese companies, their dreams of listing in New York are only on hold.Some high-profile Chinese stocks listed in the U.S. such asLuckin CoffeeStarbucksChinaThe reports are the latest challenge for Chinese initial public offerings in New York, on top of U.S.-China trade tensions and the impact of thecoronavirusBut some in the cross-border IPO business say the listing plans are just delayed, not canceled."I do know Chinese companies that are planning to list this summer as soon as after Labor Day," said Jim Fields, a Shenzhen-based producer of videos for Chinese companies presenting to potential IPO investors in the U.S. China celebrates the holiday on May 1.Fields noted the new IPO timeframe is Show less Read more
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