Not all Chinese companies are getting tired of the U.S.
Riding against the current wave of Chinese firms who want to delist from the U.S. and relist at home, a Shanghai-based company is set to launch an IPO in New York.
Wealth manager Jupai Holdings has filed for a $100 million IPO on the New York Stock Exchange, according to China Money Network.
Chinese companies listed in the U.S. are planning to go private and relist back home hoping to get higher valuations amid soaring stock prices. Chinese equities recently rallied to seven-year highs, buoyed by purchases from retail investors.
But the five-year old Jupai Holdings is doing just the opposite. The firm sells asset management products, mutual funds and offers investment banking services.
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