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China Signals Restarting IPOs For Unprofitable Biotechs

 
• By Dexter Jie Yan

The China Securities Regulatory Commission has proposed a new “growth tier” for the STAR Market of the Shanghai Stock Exchange, to reinstate the market’s listing standards for unprofitable firms.

Going public
New “growth tier” proposed for Shanghai STAR Market for listing standards for unprofitable firms. • Source: Shutterstock

China’s top securities regulator has signaled restarting a regulatory pathway to allow for unprofitable biotechnology and medical technology start-ups to go public on the Shanghai Stock Exchange (SSE).

The restoration of the special initial public offering (IPO) process, which was first introduced along with the launch of the...

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