Equities

Reuters first to report Nasdaq cracking down on Chinese listings

Reuters first to report Nasdaq cracking down on Chinese listings

Reuters was first with news that Nasdaq was cracking down on Chinese companies listed on its U.S. stock exchange, breaking news that Nasdaq would unveil new restrictions on initial public offerings (IPOs), a move that will make it harder for some Chinese companies to debut on its bourse. Reuters was then first to alert investors that China’s Luckin Coffee had received a notice from Nasdaq informing it that it would be delisted. At a time of escalating tensions between the United States and China over trade, technology and the spread of the novel coronavirus, Nasdaq’s new curbs on Chinese IPOs represent the latest flashpoint in the financial relationship between the world’s two largest economies.