Chinese Start-Ups Turn Up Noses At U.S. IPOs, Exiting Close To Home – Venture Capital Dispatch – WSJ
The global IPO market has been more lemon than lemonade in recent years. But even as the U.S. market shows some signs of life, venture capital investors in China are souring on U.S. exchanges and turning instead to domestic markets and Hong Kong for their exits.Investors with U.S. venture capital firms like New Enterprise Associates and VantagePoint Venture Partners that are active in China said that with all of the activity and excitement surrounding Hong Kong’s market and the Chinext – Shenzhen, China’s new growth equity market – U.S. exits don’t hold the same appeal.
via Chinese Start-Ups Turn Up Noses At U.S. IPOs, Exiting Close To Home – Venture Capital Dispatch – WSJ.