IPO number expected to slow in 2018
THE number of newly-listed companies on the Chinese mainland is expected to slow in 2018 from a historic high last year, PwC said.
The number of initial public offerings on the A-share, Shenzhen SME Board and ChiNext markets is slated to slow to 300 to 350, with capital raised expected at 180 to 200 billion yuan (US$28-US$31 billion) in 2018, according to PwC’s report released yesterday.
Frank Lyn, markets leader of PwC Mainland and Hong Kong, said that the number of IPOs in 2018 “is expected to decline following the recently formed IPO review committee, which adheres to stricter criteria and is tightening regulations governing IPOs.”
The tighter regulations and criteria for IPOs have already led to a drop in their approval rate, according to PwC.
“Due to recent regulatory measures, it is likely that more companies looking at an IPO will begin to reappraise if listing is really the best route forward for them or not,” said Jean Sun, assurance partner of PwC China.
In 2017, there was a historic high of 437 IPOs on the Shanghai and Shenzhen stock markets, up 93 percent from the 227 in 2016. The IPOs netted 235.1 billion yuan last year, up 56 percent from the 150.4 billion yuan in 2016.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.