Hundreds of IPOs stuck in China's regulatory logjam

14 companies' listing processes aborted this month, 5 times more than a year ago

Shanghai Stock Exchange Reuters 20210128

As of Jan. 27, 199 companies were awaiting regulatory clearance to list on the Nasdaq-like STAR Market in Shanghai while 73 more were waiting for a main board listing. © Reuters

QUAN YUE and HAN WEI, Caixin

January 29, 2021 00:23 JST

Backlogs of applications for initial public offerings reemerged in China as regulators tightened scrutiny following Ant Group's surprise listing suspension, forcing several companies to cancel their share sale plans.