Jul 28, 2023 04:51 AM

FINANCE

China’s First U.S. IPO Under New Listing Rules Moves a Step Closer

By Zhang Yukun and Yue Yue

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China Securities Regulatory Commission (CSRC) confirmed that Majestic Ideal filed the required registration materials to issue shares and list on the Nasdaq

China Securities Regulatory Commission (CSRC) confirmed that Majestic Ideal filed the required registration materials to issue shares and list on the Nasdaq

The first U.S. IPO by a Chinese company since new regulations for overseas share sales were implemented in March moved a step closer after China’s top securities regulator said Majestic Ideal Holdings Ltd. completed the necessary registration processes.

In a notice published Wednesday, the China Securities Regulatory Commission (CSRC) confirmed that Majestic Ideal filed the required registration materials to issue shares and list on the Nasdaq. The documents were received by the CSRC May 30.

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