- These Chinese companies want to raise $ 100 million in US IPO
- A company already has 7.2 million paid customers
- The trade war continues with reciprocal prices
Several Chinese companies are considering IPOs in the United States despite the instability of the major market caused by American-Chinese tensions, which led to an aggressive trade war fueled by prices.
THE Morning post in southern China revealed how a handful of Chinese startups are currently exploring options to develop in the United States, but no decision has been made and they could go back at any time.
Among the companies that envisage options abroad are coding of nuts, which could seek to lift around $ 100 million.
These Chinese companies are looking for IPOs in the United States
Founded in 2017, Walnut Coding describes itself as a “leader in coding in China”, covering Scratch, Python and C ++. In February 2024, he had 7.2 million paid customers.
IT infrastructure provider Shenzhen Cloudsky Technologies as well as the Zaiii and Zhonghe group, known for their software services, could also seek to collect $ 100 million, according to familiar names.
However, companies’ explorations can stop depending on how the trade war takes place. The secretary of the Treasury, Scott Bessent, said that the radiation of certain Chinese companies was currently “on the table” (via Bloomberg).
A nut coding spokesman has already refused to comment, stressing how precarious discussions are.
More broadly, the United States has imposed three-digit prices on certain Chinese products, but China has resumed by promising to propose countermeasures to any “part, reaching an agreement at the expense of the interests of China”. Trump says that more than 70 nations have already contacted the negotiations.
In relation specifically with the United States, China retaliated with a 125% tax on the United States products, promising to “fight to the end” in a battle that could last longer than expected.
