Chinese financial technology companies will line up to seek funds in the US equity market this year, but investors' questions around earnings may put pressure on their valuations.
That is the view of Crawford Jamieson, vice-chairman of global capital markets at Morgan Stanley, who was speaking at a conference organised by The Economist on Friday.
Jamieson was discussing the market ahead of a raft of expected Chinese fintech IPOs in the US, including rumoured deals from Ppdai.com, Dianrong and Tuandaiwang. Lufax, the country's largest peer-to-peer lender valued at $18.5 billion, is preparing an IPO in Hong Kong.
“The challenge is...
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