Record pace of Chinese listings in US shows signs of strain

10 companies have fallen on debut in two-month losing streak

Question-and-answer website Zhihu dropped 11% in its debut on March 27 after pricing the $523 million offering at the bottom of its marketed range. © AP

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent

April 9, 2021 12:02 JST

HONG KONG -- The best start to a year ever for Chinese listings on American stock exchanges is showing signs of strain.

Chinese companies raised $4.4 billion on the New York Stock Exchange and the Nasdaq Stock Market through April 7 compared with just $807 million over the same period last year, according to data compiled by Dealogic.