Chinese online lending startup
LexinFintech turned in a respectable first day of trading late December in New York, pushing back concerns over China curbs on this fast-growing market.
China IPOs in the U.S. rebounded in 2017, as 16 Chinese companies went public on Nasdaq and the NYSE, matching the number of Chinese IPOs in 2014 and showing a considerable uptick since early this decade when investor sentiment toward China soured in the wake of a few accounting scandals and de-listings.
The 16 Chinese companies raised $3.7 billion or about 8 percent of the total $35.6 billion raised by 160 IPOs in 2017.
Chinese tech titans
Tencent and
Alibaba are behind some of this pick-up. They backed recent new listers including Chinese search engine
Sogou, e-book company
China Literature, microlender
Qudian and logistics company
Best.