Global market turmoil could slow flurry of Chinese listings in the US [CNBC]
Qutoutiao Inc. - American Depositary Shares (QTT)
Last qutoutiao inc. - american depositary shares earnings: 3/18 05:30 am
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Source: CNBC
Brendan McDermid | Reuters Eric Siliang Tan, (2nd-R) Chairman and CEO of Qutoutiao Inc., celebrates his company's IPO as it begins trading at the Nasdaq MarketSite in New York City, U.S., September 14, 2018. A delay in Tencent Music Entertainment's New York initial public offering could signal a pause in Chinese companies' rush for U.S. listings. Twenty-three such firms went public in the U.S. during the first three quarters of this year, on pace for the busiest year since 2010, according to Connecticut-based IPO advisor Renaissance Capital. The offerings included massive deals such as video streaming company iQiyi 's $2.3 billion raise in March and e-commerce company Pinduoduo 's $1.6 billion offering in July. Tencent Music, the music streaming arm of Chinese technology conglomerate Tencent , plans to raise $1 billion, according to an Oct. 2 filing. But amid a sharp decline in U.S. stocks, led a global market sell-off in the last t
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