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![MoHossain Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::22736189.png) Mo Hossain [@MoHossain](/creator/twitter/MoHossain) on x 6311 followers
Created: 2025-07-18 16:18:07 UTC

🇨🇳Beijing’s new Stock Exchange has shed its pet-project status to become an IPO hub where unprofitable tech firms thrive on sizzle rather than steak. It’s moonlighting as venture capital in the secondary market, giving loss-making innovators a Nasdaq-style sequel and a runway even if their balance sheets are still under construction. Copying American flair, the BSE serves up bottomless potential and unprofitable promise in equal measure.

USA 🇺🇸 
The proportion of unprofitable IPOs has reached late 90s tech bubble levels?…. show 2021-style moves, but broader measures—sentiment indicators, put-call skew, and futures funding spreads—still don’t reflect widespread investor exuberance. (GS)


ht @ConnorJBates_ #venturecapital #IPO #Tech #exit #

![](https://pbs.twimg.com/media/GwJxx2LXYAAPCQZ.jpg)

XXX engagements

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**Related Topics**
[beijing](/topic/beijing)
[$bsens](/topic/$bsens)
[primary market](/topic/primary-market)
[hub](/topic/hub)
[ipo](/topic/ipo)

[Post Link](https://x.com/MoHossain/status/1946243093667459567)