China Investing: Big Nasdaq Gains This Year Attract Chinese IPOs [Forbes]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: Forbes
SOPA Images/LightRocket via Getty Images Listings by Chinese businesses at the Nasdaq in 2024 have already surpassed last year's total, buoyed by investor optimism that also has fueled gains in U.S. companies, Nasdaq Vice Chairman Bob McCooey said on Tuesday at a forum organized by the China Institute in New York. Some 42 Chinese companies have listed on the Nasdaq this year, not including eight SPAC combinations by businesses from the country; that total exceeds the 28 new listings and seven SPAC deals from China last year, said McCooey, who is also Nasdaq's global head of capital markets. “U.S. companies had to lead,” he said, looking back over a year in which the Nasdaq Composite Index has soared 40% so far. “Now Chinese companies are coming back,” McCooey said. “Our pipeline continues to be very, very strong.” Underpinning the trend is the large number of successful private sector business in China, the world's No. 2 economy. The country, whose GDP growth this year is pro
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PDD
Earnings
- 11/21/24 - Beat
PDD
Sec Filings
- 11/21/24 - Form 6-K
- 10/22/24 - Form SC
- 10/21/24 - Form SC
- PDD's page on the SEC website