Drew Bernstein

Drew Bernstein
Showdown in Hong Kong: A Key Victory for U.S. Oversight as Chinese Auditors Open Access
3 min read
Showdown in Hong Kong: A Key Victory for U.S. Oversight as Chinese Auditors Open Access
By Drew Bernstein on December 12, 2022

The stage was set for a financial showdown of epic proportions. Two hundred Chinese companies faced the threat of being delisted from U.S. markets, a staggering $1 trillion in market...

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Door Half Open | Why I am Still Optimistic About China
11 min read
Door Half Open | Why I am Still Optimistic About China
By Drew Bernstein on October 28, 2022

Why I Am Still Optimistic on China It’s chic to be bearish about China these days. You don’t even need to look at the stock charts. Just sample a few of the headlines.

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SEC Proposes Rewriting the SPAC Rulebook
8 min read
SEC Proposes Rewriting the SPAC Rulebook
By Drew Bernstein on April 6, 2022

At an open meeting on March 30, 2022, the Securities and Exchange Commission proposed far-reaching changes to the regulations of special purpose acquisition companies, or SPACs, that could...

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Are SPACs Still Going Concerns?
3 min read
Are SPACs Still Going Concerns?
By Drew Bernstein on February 8, 2022

An unprecedented number of funded SPACs will lead auditors to take a hard look at their viability Heading into the audit season for 2021 financial reports, expect independent public...

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The Big Freeze for Chinese IPOs
5 min read
The Big Freeze for Chinese IPOs
By Drew Bernstein on February 7, 2022

Smaller deals will test the appetite of investors amid a new regulatory landscape At the end of June 2021, Chinese IPOs were on track to post a record-breaking year. Didi Chuxing had...

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China Takes Control Over Offshore Listings
5 min read
China Takes Control Over Offshore Listings
By Drew Bernstein on January 18, 2022

For two decades, IPOs by most Chinese companies on U.S. stock markets have existed in a regulatory no man's land. Technically, investment in the sectors most enticing to overseas investors...

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How Much Cash Is in Your SPAC?
4 min read
How Much Cash Is in Your SPAC?
By Drew Bernstein on September 23, 2021

If you look at the headline numbers, SPACs appear awash with cash. In 2021 alone, 436 SPACs have raised $126 billion, for an average of $289 million apiece, according to SPAC Insider....

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SPACS and Short Sellers Mix It Up
8 min read
SPACS and Short Sellers Mix It Up
By Drew Bernstein on June 28, 2021

What can management do to avoid becoming the next short-seller roadkill? With 417 funded SPACs currently in search mode for the perfect private company to merge with, 2021 is becoming the...

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All Eyes on Southeast Asia as Next SPAC Hunting Ground
6 min read
All Eyes on Southeast Asia as Next SPAC Hunting Ground
By Drew Bernstein on June 11, 2021

A High-Growth Debutante Ball of sorts is months away. Dateless SPACs (i.e., special purpose acquisition companies) would be wise to fix their gaze on the hot young Southeast Asian start-up...

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The Righteous Rage of Carson Block
32 min read
The Righteous Rage of Carson Block
By Drew Bernstein on May 7, 2021

Famed Short Seller Lets Loose on SPACs, China, Robinhood, and Archegos Reveals How He Would Run the SEC and the Concept Behind a New Long Fund Carson Block is the most famous short-seller...

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