Recent China-to-U.S. IPOs stretch slump amid Beijing probe

KANZHUN

08/07/2021 14:58

** Shares of Chinese companies which recently went public in
U.S. fall further on heightened regulatory concerns
    ** Online grocery apps Dingdong  DDL.N  and Missfresh  MF.O 
down ~5% and ~6%, respectively on Thurs; Zhangmen Education
 ZME.N  down 10%, while "insuretech" Waterdrop  WDH.N  off 3%
    ** Didi Global  DIDI.N , whose app takedown by Chinese govt
sparked selloff, down 7% and dropping for 4th straight day
 urn:newsml:reuters.com:*:nL3N2OK2GP
    ** Truck-hailing firm Full Truck Alliance  YMM.N  down ~10%,
while online recruitment co Kanzhun Ltd  BZ.O  off 6%; Beijing
had also announced probes of these firms  urn:newsml:reuters.com:*:nL2N2OH06I
    ** China's securities regulator setting up team to review
plans by Chinese companies for IPOs abroad  urn:newsml:reuters.com:*:nL2N2OK0W3
        
   Snapshot of performance since IPO:    
 
 
 
    ** Meanwhile, LinkDoc Technology Ltd  LDOC.O  becomes first
Chinese firm to shelve U.S. IPO plans after Beijing's crackdown
 urn:newsml:reuters.com:*:nL2N2OK061
       

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))