Sep 16, 2023 06:06 PM
Chinese VIE Firm One Step Closer to U.S. IPO Under New Listing Rules
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The China Securities Regulatory Commission said in a notice on Thursday that Cheche Technology had filed the required registration materials to issue shares and list on the Nasdaq. Photo: VCG
Auto insurtech firm Cheche Technology Inc. has moved one step closer to becoming the first Chinese company with a variable interest entity (VIE) structure to issue shares in the U.S. under China’s new overseas listing rules, after the country’s top securities regulator confirmed its registration.
The China Securities Regulatory Commission (CSRC) said in a notice on Thursday that Cheche Technology had filed the required registration materials to issue shares and list on the Nasdaq.
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