Chinese Startups’ SPAC Listings Gather Pace As Tougher Offshore IPO Rules Loom
By Selena Li and Samuel Shen HONG KONG (Reuters) – Capital-hungry smaller Chinese startups are vying for speedy offshore listings by merging with blank-check firms at a time when Beijing’s tighter scrutiny has slowed capital raising via overseas IPOs, company executives and bankers said. As a string of special purpose acquisition companies (SPACs) hunt for…