China’s regulator warns companies not to inflate IPO valuations
Jun 19, 2018
New-economy IPO swings cause concerns about overpricing
China’s securities regulator has warned new-economy companies not to inflate their valuations in the pre-IPO stage.
Pointing to China Literature, Ping An Good Doctor, Razer, Yixin Group and ZhongAn Insurance, the China Securities Regulatory Commission (CSRC)