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August 21, 2010

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From 34 to 36

THE number of Chinese mainland companies which floated shares on global markets last month rose to 36 from June's 34, an industry report said yesterday.

The companies netted a total of US$22.92 billion, rising 355.2 percent from a month earlier and hitting a monthly record high so far this year, Zero2IPO Research Center said in a report.

Twenty-five of the 36 companies raised US$11.83 billion from the mainland market.

Seven companies launched initial public offerings on ChiNext, the mainland's Nasdaq-style market in Shenzhen that aims to finance smaller businesses, to raise US$557.54 million. With two on the Shanghai exchange, 16 companies were listed on the Shenzhen main board, the report said.



 

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