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July 4, 2017

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H2 IPOs seen down, but richer

THE number of Initial public offerings on the mainland 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 US$32.4 billion, a PricewaterhouseCoopers report said yesterday.

IPOs will number 320-350 and raise 220 billion-250-billion yuan (US$32.4 billion-US$36.6 billion) for the full year — at least 100 billion yuan in the second half.

That means the average size of IPOs will be larger than 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 and the games industry. IPOs will gradually slow in the next 1-2years. Complicated due diligence rules will also affect the sector.


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