Nasdaq halts IPOs of small Chinese companies as it probes stock rallies

Nasdaq halts IPOs of small Chinese companies as it probes stock rallies

Photo: REUTERS/Brendan McDermid/Files

Nasdaq Inc has put the brakes on initial public offering (IPO) preparations of at least four small Chinese companies while it investigates short-lived stock rallies of such firms following their debuts, according to lawyers and bankers who work on such stock launches.