China and Hong Kong had 239 IPOs in the first half of 2015, amassing almost 40 billion USD in funds, according to Ernst & Young Global's IPO barometer. The previous year they only had 103 such companies enter the market, garnering 16.6 billion USD.
The four largest public openings in 2015 were done by Chinese brokers and securities traders. The only public opening bigger than those three was the privatization of the Spanish airport operator Aena, having accumulated 4.8 billion USD.
Chinese firms therefore occupied 38% of the 104 billion USD in IPO issuances for that time period. According to Ernst & Young’s IPO expert Martin Steinbach, IPO’s funds are 13% lower than last year. America’s were 45% less and Europe’s were 33% less.
Source: view.inews.qq.com
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Keywords: Chinese IPOs
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China's IPO's are all built on grossly inflated figures, insider trading and other corrupt practices. The Chinese stock market is a joke on the verge of collapse. The article doesn't mention that, instead preferring to gloat that China is bigger than the USA and Europe.
Jul 06, 2015 09:47 Report Abuse
and when things go bad, we have those horrible wechat vids doing he roundsw
Jul 05, 2015 18:15 Report Abuse
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