China s first private company to be listed in New York?

China Wuxi Suntech Solar Power****.

16 December 2005.

China's Wuxi Suntech Solar Power **** listed on the New York Stock Exchange on Wednesday, which is the first private enterprise in China to be listed on the New York Stock Exchange.

As soon as the market opened today, Suntech, codenamed STP and with an IPO price of US$15 per share, soared to US$2.35, and reached US$21.75 in the mid-session, and finally closed at US$212 per share, a margin of 41 percent. The performance was close to that of a U.S. solar cell company listed on the New York Stock Exchange last month, and underwriters were overjoyed. At the same time, the net worth of Shi Zhengrong, chairman of Suntech Holdings, also skyrocketed overnight, even according to the offer price, Shi Zhengrong's net worth has exceeded one billion US dollars, and he has entered the top of China's rich list in one fell swoop.

Wuxi Suntech offered a total of 26.38 million shares** through an initial public offering (IPO) with Credit Suisse First Boston and Morgan Stanley as lead underwriters and Lyon** and SGCOWEN&co as the two underwriters.

Wuxi Suntech was founded by Shi Zhengrong, who studied in Australia, in February 1, the company's solar energy conversion and utilization technology is at the world's leading level, and its flagship product solar cell production line ranks among the world's top 10 solar cell manufacturers, and the company's investment efficiency is ranked first among similar enterprises in the world. According to the data, in the first nine months of this year, Wuxi Suntech's net revenue was US$137 billion, a year-on-year increase of 188%; Net profit exceeded US$20 million, a year-on-year increase of 129%.

Prior to its listing, Wuxi Suntech had completed its private placement and became a foreign-funded enterprise with 100% control by an overseas company, clearing the way for overseas listing.

Analysts believe that at present, the world's energy problems are becoming more and more serious, new energy, new technology is particularly important, such as Wuxi Suntech can be said to be born at the right time, so it will inevitably be favored by investors. As China's first private enterprise to be listed on the New York Stock Exchange, some commentators believe that it marks the beginning of China's private enterprises to enter the world's top capital market by relying on their own strength.

The first private enterprise to be listed in the United States should be Qiaoxing Global.

On February 17, 1999, "Qiaoxing Global"** was listed on the NASDAQ in the United States, creating a precedent for domestic private enterprises to be listed in the United States. Became the first private high-tech enterprise in China to be listed on the NASDAQ in the United States;

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The first Chinese company to be listed on the New York Stock Exchange in the United States was China Telecom. It was listed on the New York Stock Exchange in June 2002, becoming the first Chinese mainland company to list in the United States**.

The first Chinese company to be listed on the New York Stock Exchange.

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The first Chinese company to be listed on the New York Stock Exchange was China Telecom. It failed on the New York Stock Exchange in June 2002, becoming the first Chinese mainland company to be listed in the United States.

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China Telecom is one of the three major telecom operators in China, founded in 2000 and headquartered in Beijing. As of 2021, China Telecom has more than 300 million subscribers and is one of the world's largest fixed** operators. In addition to having a strong network and customer base in China, China Telecom also has a global presence and strong technical strength and expertise.

As the first Chinese company to be listed on the New York Stock Exchange in the United States, China Telecom's listing not only marks a historic step for Chinese enterprises to enter the international capital market, but also provides valuable experience and inspiration for Chinese enterprises to go global.

How many Chinese companies are listed on the NYSE? The New York Stock Exchange has a long history, a mature market, and strict listing conditions, and companies that want to go public and raise funds before making money cannot enter the New York Stock Exchange. Let's take a look at the Chinese companies listed on the New York Stock Exchange.

Name: 58.com, Leju, Huawei, Phoenix Xin**, Acorn International, Vipshop, Autohome, Soufang.com, Sogou, TouchPal, Center International, Yongxin**, Yiche.com, Chunbao Mobile, Abi Rent, 500 Lottery Network, i Huya, Renren Company, Jumei Youpin, Liulishuo, Shooting Loan, Interest Store, Lanting Jishi, Lanshile, Mushroom Street, Green Hotel, Tencent**, Youda Optoelectronics, New Oriental, ASE Semiconductor, United Power, Zhengbao Education, Red, Yellow and Blue, Not yet come, Advertisement, Suntech Institution, Wuwu, Mushroom Street, Green Hotel, Tengcha Jixun**, Tencent**, Daguang Electric, Tietong, New Oriental, ASE Semiconductor, Electric Power, United Education, Red, Yellow and Blue, Guangde Organization, China Science and Technology, WeChat, China, WeChat, China, Finance, China, China, Finance, China, Finance, China, Sold in China, China, China, China, China, China, China, China, China.

A total of 76.

PetroChina, Sinopec, Huaneng International, Jilin Chemical, Aluminum Corporation of China, Yanzhou Coal, etc.

1. The main reason is that the difficulty of listing in China is far greater than that of the United States, the IPO queue time is very long, and the company cannot afford to wait, and the listing operation in the United States is more convenient and fast.

2. Most of the Chinese companies listed in the United States have shareholders with foreign backgrounds, such as venture capital, ** companies, and investment banks, all of which are foreign-owned, and these shareholders hope that the company will be listed in the United States. These shareholders want the company to be compliant with U.S.** regulations and to make it easier to monetize their shares.

3. The Chinese shareholders of the company who are willing to immigrate or invest abroad can transfer their assets to avoid domestic supervision if they are listed in the United States.

4. The U.S. market is more relaxed for the listing conditions of high-tech enterprises, and some companies may not meet the listing conditions in China, but they can be listed in the United States.

Hello. I know the following of the Chinese companies currently listed in the United States:

1) On the evening of September 19, 2014, the official version of Alibaba was listed on the New York Stock Exchange.

NYSE to come.

PetroChina, Sinopec.

Yuan, Huaneng International, Jilin Chemical BAI, Shanghai DU Petrochemical, Aluminum Corporation of China.