Chinese IPOs in the US have been making a comeback... of sorts

Strange as the timing may seem, given the broader geopolitical picture, many Chinese companies are seeing 2025 as the year to hit the US public market. Last week, tea giant Chagee soared 21% on its Nasdaq debut to hit a $6.2 billion valuation, while a flurry of tech firms are reportedly looking to follow suit, per Bloomberg. 

Red Wave

Chagee’s $411 million raise last Thursday made it the largest Chinese consumer company listing in the US since 2021, momentarily bucking the drought of big Chinese initial public offerings that had been attributed to deteriorating relations between the two nations. Still, even against the backdrop of President Trump’s ongoing tariffs, postponed IPOs from other companies, and talk of Chinese stocks being delisted from US exchanges, 2025 has largely picked up where last year left off in terms of enticing companies looking to list in the US.

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