What's the difference where the company goes public? For example, listing in Hong Kong and listing in the United States.

Apart from valuation, market activity and other factors, the most attractive thing about NYSE compared with NASDAQ is that it allows listed companies to have a dual ownership structure. In the general ownership structure, ownership determines voting rights. In the dual ownership structure, a company can issue two different stocks, one has the right to participate in the company's decision-making, the other has no voting rights, or the voting rights of the two are different, for example, a preferred stock has 10 shares. This ownership structure allows company operators to maintain control after the financing equity is diluted.