Having recently advised on US IPOs, including Magic Empire Global Ltd. (NASDAQ: MEGL) Intelligent Living Application Group Inc. (NASDAQ: ILAG) and Zhong Yang Financial Group Limited (NASDAQ: TOP). Our Partner, Gordon Tsang was interviewed by Bloomberg regarding the article titled “Nasdaq Scrutinizes Share Allocations After Mysterious IPO Gains”.
Nasdaq wanted to know more on the sharing allocations for IPOs made by small-cap firms which have caused huge price swings in the market. In the interview, Gordon shared with Bloomberg that “Nasdaq aims to enhance transparency on placements and connected transactions for IPOs, much like what Hong Kong regulators asked for a few years ago.”
For more information, please contact our Partner Mr. Gordon Tsang, or click here to view the complete interview.