US delisting law set to boost IPO outings in Greater China in 2021

US delisting law set to boost IPO outings in Greater China in 2021

Closeup of a traditional Chinese statue with the Shanghai skyline in the background. Photo: Xi Xin Xing

When executives at Chinese electric vehicle (EV) maker Xpeng Motors were celebrating the firm’s $1.5-billion trading debut on the New York Stock Exchange (NYSE) in late August, they knew at the back of their minds that their US listing, to ride on the rallies of peers such as Tesla, might come at a cost. But they did not expect it to land so quickly.