SHANGHAI -- A number of Chinese companies have suspended their planned initial public offerings as a new lockdown on the financial hub of Shanghai over the spread of the coronavirus stymies preparations to list.
At least 16 companies said they have halted IPO processes for Shanghai's tech-focused STAR market and Shenzhen's CHINext bourse for startups, according to releases on Tuesday. The companies include device maker Nanjing Cigu Technology and auto supplier Zhejiang Sling Automobile Bearing.
