Number of IPOs expected to slow
July 10, 2017 Category Stock Markets, Weekly
The number of initial public offerings (IPOs) in China will slow in the second half but the average size will increase, with some large deals in the pipeline, and the 2017 total is forecast to top USD32.4 billion, a PricewaterhouseCoopers report said. IPOs will number 320 to 350 and raise CNY220 billion to CNY250 billion for the full year, and at least CNY100 billion in the second half. That means the average size of iPOs will be larger than in the first half, with the possibility of some mega-sized IPOs before year-end. The main sectors will continue to be manufacturing, consumer goods and services, but the report forecasts an increase in technology, media and telecommunications (TMT), and the games industry. IPOs will gradually slow in the next one to two years. Complicated due diligence rules will also affect the sector, the Shanghai Daily reports.
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world