The IPO withdrawal comes as new rules in China make expansion and distribution more challenging for e-cigarette manufacturers. Photo: Getty Images
Chinese e-cigarette maker Aspire Global ditches US$135 million Nasdaq IPO plan as Beijing toughens fundraising rules
- The Shenzhen-based company has applied to US regulators to withdraw its New York listing application
- Beijing has clamped down on the growth of vaping companies, mandating pre-approval for IPOs and restricting foreign investment
