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IPO

New York set for first Chinese IPO in seven months

Small companies flock to apply to list amid greater regulatory clarity

A pair of specialists work on the trading floor of the New York Stock Exchange on Feb. 1. Eight Chinese companies have filed to list in New York since Dec. 30, as many as filed in the previous six months.   © AP

HONG KONG -- New York is poised to see its first initial public offering by a Chinese company in seven months amid signs the city could see a new flurry of such listings.

Healthcare supplies maker Meihua International Medical Technologies is on track this week to price its debut share sale, which would raise up to $57.5 million, according to the New York Stock Exchange's online IPO hub. New U.S. stocks usually start to trade a day after pricing.

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