US vs. UK Firms: Will China's Latest Crackdown Level the IPO Playing Field?
With China's latest cybersecurity probe, Hong Kong's "homecoming listings" may once again level the playing field for international firms, giving a boost to U.K. firms.
August 23, 2021 at 10:00 PM
6 minute read
China's latest crackdown on overseas-listed data-heavy Chinese companies has created a ripple effect. Law firms are in a flurry advising their tech clients on how the new regulations will impact their businesses and on the viability of an alternative listing venue for raising funds—with the Hong Kong exchange becoming the most likely replacement.
And while that shift from the U.S. to Hong Kong may end up hurting U.S. firms in Hong Kong, it could benefit U.K.-based firms, which have had to take a back seat to U.S. firms during the rush by Chinese companies to list in New York. The U.K. firms lacked the capital markets expertise for U.S. securities markets. But that is not the case in Hong Kong.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Will a Market Dominated by Small- to Mid-Cap Deals Give Rise to This Dark Horse US Firm in China?
Big Law Sidelined as Asian IPOs in New York Dominated by Small Cap Listings
Hong Kong Bourse Seeks Feedback on IPO Price Discovery, Takes Steps to Boost Capital Markets Activity
Hogan Lovells, Khaitan Lead On Beverage Company’s $890M Offering In India
Law Firms Mentioned
Trending Stories
- 1US Judge Dismisses Lawsuit Brought Under NYC Gender Violence Law, Ruling Claims Barred Under State Measure
- 24th Circuit Upholds Virginia Law Restricting Online Court Records Access
- 3Lawsuit Against Major Food Brands Could Be Sign of Emerging Litigation Over Processed Foods
- 4Fellows LaBriola LLP is Pleased to Announce that Alisha Goel Has Become Associated with The Firm
- 5Law Firms Turn to 'Golden Handcuffs' to Rein In Partner Movement
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
