Chinese firms raised a combined 286.1 billion yuan (RM142.64 billion) through initial public offerings in Shanghai and Shenzhen last year, 41 per cent less than in 2010, accounting firm PricewaterhouseCoopers (PwC) said. Still, China outshines the United States and Hong Kong in terms of IPO fundraising.
PwC forecast that China’s IPO market would remain at the same level in 2012, raising 270-300 billion yuan, even as the market faces headwinds including weak investor demand and price volatility.
“Many Chinese companies are preparing for IPOs and waiting for the right time to go public,” Frank Lyn, PwC China Markets Leader, told a press briefing.
“IPOs in Shenzhen ... will remain active in 2012,” he said, adding that the IPO market will be driven by sectors including industrial products, retail, consumer goods and services, as well as financial service.
China’s IPO market, which saw a total of 282 new listings in 2011, had cooled from the previous year due to a sluggish stock market that slumped 22 per cent amid growing economic uncertainty and the lingering euro zone debt crisis.
A number of companies postponed their IPOs or slashed their fundraising target due to weak demand while 27 per cent of newly-listed companies last year closed below their IPO price on the first day of trading.
“It is rational that the IPO market cools down after a blowout in 2010,” said Jean Sun, a partner at PwC China.
Still, China’s IPO market last year, worth 286 billion yuan, was the biggest in the world. Hong Kong’s IPO market raised 220.7 billion yuan during the same period, while the US market was worth 224.3 billion yuan, PwC said.
China also had the world’s biggest IPO market in 2010, when the number of Chinese IPOs more than tripled from the previous year to 349, while the amount of IPO funds raised more than doubled to 488.3 billion yuan. – Reuters For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
ipo market. stock
- Silver Spring Networks ipo shares prices opened at $22
- Pfizer animal health Zoetis Ipo shares prices
- healthcare realty trust ipo common stock prices
- GlobeImmune ipo stock price
- Astro Malaysia Holding ipo stock price range
- Trulia ipo stock price range and symbol
- Japan Airlines IPO Stock release date september 19 2012
- Japan Airlines IPO stock prices range
- Debut Far East Hospitality Trust 8/27/2012
- Far east hospitality trust ipo stock prices
- Hi-Crush Partner ipo stock prices range
- Manchester United IPO stock predictions
- Bloomin' Brands ipo stock price range
- manchester united ipo prospectus
- Globus Medical IPO Stock price range per share
- Manchester United IPO stock Prices
- five below inc ipo shares prices and stock symbol
- Kayak ipo shares price and stock symbol
- Palo Alto Networks ipo stock symbol and shares prices
- Fender ipo stock symbol and shares prices
- Formula One IPO prospectus Singapore next week
- Speciality Restaurants IPO shares prices, prospectus
- Lantronix IPO file prospectus, shares prices
- LINC Logistics IPO shares prices, stock symbol
- Edgen IPO shares prices, stock symbol
China Stock Market
- China, Asian stock markets outlook 2013
- China stock index analysis april 2013
- China stock market rose january 15 2013
- China stocks rose government will introduce new policies 2013
- China stocks Property Shares Rise december 26 2012
- China taxes stock dividends for individuals 2013
- how will Survey China manufacturing for October 2012
- Chinese stock markets outlook october 8 2012
- Chinese stocks rose 3 september 2012
- China will Flash Manufacturing PMI report august 22 2012
- Chinese economic data outlook report august 9 2012
- China inflation rate forecast july 2012
- China manufacturing data august 1 2012
- Chinese economic growth outlook Q2 2012
- Chinese stocks closed july 23, 2012
- China home prices juni 2012
- impact china economic growth down on stock market
- China plan to cut petrol and gas prices july 11 2012
- China Inflation rate june 2012
- China emerging market funds outlook 2012
- China stock market june 25 2012
- China stocks futures drop may 30 2012
- China Stocks Futures Drop may 28 2012
- China stock futures closed down May 16 2012
- China stock futures down may 7 2012
No comments:
Post a Comment