There are 326 unicorns globally, according to investigating firm CB Insights. About half of them are in the U.S., while roughly one-third, or over 90, are in China and Hong Kong.
Assorted Chinese tech firms choose to list in the U.S. However, with the Shanghai Stock Exchange set to launch a Nasdaq-style “technology alteration board” in the coming months, many big consumer firms might consider dual listings, said Chan.
But Chinese gatherings with a “meaningful” proportion of revenue from doing business related to government security would likely opt to list domestically, said Chan.
“It’s also favorable for a company to have a domestic listing. It‘s not just about luring capital, but selling your brand and showing the local people that you are not just earning their money, but you also quota your wealth. These are very important considerations,” he said.