star market: The Shenzhen-based company said this week that it got the preliminary green light to list shares on the Star Market, China's answer to the Nasdaq, according to CNN. It will seek final approval from China's Securities Regulatory Committee, the country's top securities regulator, before launching an initial public offering. Now it's ready to raise its profile even more by joining China's splashy new market for tech stocks. An IPO could push Transsion's valuation above 4 billion. Analysts say it's an early win for the Star Market, which wants local investors to support Chinese tech companies, rather than lose those businesses to markets in Hong Kong or the United States. It would also take the company public on a market that got off to a stunningly positive start this week.
(news.financializer.com). As
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Tagged under star market, list shares topics.