The value of stock market listings by Chinese technology companies dropped more than 60 per cent in the second quarter, as regulators in Beijing broadened their crackdown on the sector.
Since the start of April, initial public offerings by China’s tech groups on exchanges worldwide have raised just $6bn, down almost two-thirds from the first quarter, according to data from Dealogic.
The share of tech listings as a proportion of all Chinese IPOs also fell to the lowest level in two years, at just 21 per cent of the more than $28bn raised during the period.
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