IoT leads race in Shanghai's new tech board

Shanghai's technology innovation board is about to open for business. IoT companies, especially those with wide applications, are likely to be first to list.

Chinese tech companies are gearing up for the launch of Shanghai’s new technology innovation board. Internet of Things’ start-ups are set to be the greatest beneficiaries when it goes live in a few months’ time.

The new board will adopt a registration-based IPO system. Most importantly, the rules lower the listing threshold with a focus on RD credentials instead of profits, which allows companies that are yet to make a profit to list.

It also increases the portion for offline allotment - all good news for technology startups in China.

Investment banks have already received a notice from the Shanghai Stock Exchange that...

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