IPO fundraising set to surge this year
Print Edition
FUNDS raised through initial public offerings on the Shanghai and Shenzhen stock exchanges are set to jump between 58 percent and 89 percent from 2015 to around 250 billion yuan (US$38 billion) to 300 billion yuan this year, PricewaterhouseCoopers said.
The number of new listings is expected to nearly double from the 219 last year to 400, PwC said. New listings are set to be driven by small and medium firms and dominated by industrial products, information technology, financial services, and retail and consumer products sectors, PwC added.
“IPO activities will steadily accelerate on a monthly basis as new policies including a registration-based IPO system and launch of the Strategic Emerging Industries Board will further open up the A-share market,” Frank Lyn, PwC China Markets Leader, told a media conference yesterday.
A PwC survey of 290 potential IPO applicants found that 80 percent of them were planning to list in the domestic capital market, with the upcoming Strategic Emerging Industries Board as the top choice, followed by the New Third Board and the ChiNext board.
Also, the gap in valuation between the domestic and overseas capital markets is set to continue the trend for overseas-listed firms to return home this year, fueling the A-share IPO market, according to PwC.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
