Caixin
MoFo partner Ruomu Li was quoted in a recent Caixin article titled "估值17亿美元 香港病毒检测“独角兽”赴美SPAC". According to Ruomu, when SEC announced to temporarily halt IPOs of Chinese companies, it was referring to the Chinese companies with VIE structure. SEC is not adopting a one-size-fits-all approach but focusing on whether there are violations or government regulatory risks.
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