- These Chinese companies want to collect $ 100 million in US IPOs
- A company already has 7.2 million paying customers
- The trade war continues with mutual tariffs
Several Chinese companies are considering IPOs in the United States despite greater instability in the market, as US-China is tightened, which has resulted in an aggressive trade war driven by customs.
The South China Morning Posts revealed how a handful of Chinese startups are currently investigating opportunities to expand to the United States, but no decisions have been made and they could come out at any time.
Among the companies that are considering opportunities abroad are walnut coding that can try to travel around $ 100 million.
These Chinese companies are looking for IPOs in the United States
Founded in 2017, Walnut Coding describes himself as a “leader in the coding of education in China”, which covers just like scratch, python and c ++. In February 2024, it had 7.2 million paying customers.
Calculation of infrastructure provider Shenzhen Cloudsky Technologies as well as Zaihui and Zhonghe Group, known for their software services, could also be looking to gather $ 100 million, according to named people who are familiar with the case.
However, companies’ explorations can grind the stopping depending on how the trade war plays out. Treasury -Secretary Scott Bessent said the delisting of some Chinese companies is currently “on the table” (via Bloomberg).
A walnut coding spokesman has already been refused to comment and highlight how uncertain the ongoing discussions are.
More broadly, the United States has imposed triple figures on some Chinese goods, but China has fought back by promising to take countermeasures to any “party reaching an agreement at the expense of China’s interests.” Trump says more than 70 nations have already started the negotiations.
In relation to the US, China hit a 125% tax on products from the US and promised to “fight to the end” in a match that could continue longer than previously expected.
