IPOs rise but less money raised
By Winny Wang |
April 9, 2010, Friday
|
Print Edition
Print Edition
A TOTAL of 38 Chinese mainland companies launched initial public offerings in global markets last month, compared with 31 firms a month earlier, according to the latest industry report.
They raised a combined US$4.59 billion, a decrease of 40.13 percent from February, Zero2IPO Research Center said in a report. Of the 38, 30 firms raised US$3.73 billion from the mainland market.
Seven companies floated IPOs on ChiNext, the mainland's Nasdaq-style market that aims to finance smaller businesses, to raise US$669 million, and 21 firms listed on the Shenzhen bourse to raise US$2.07 billion, the report said.
Four companies were listed on the Hong Kong exchange and one on the Nasdaq.
Of the 38 companies, 17 were backed by venture capital or private equity investors and raised US$2.54 billion.
Nineteen venture capital and private equity firms gained an average return of 10.68 times from their investments in 13 mainland-listed firms, and nine VC/PE firms gained an average return of 2.3 times from their investments in four overseas-listed firms, the report said.
Chinese companies were involved in 42 mergers last month, a rise of 133.3 percent from a month earlier, Zero2IPO said in a separate report.
The value of the mergers totaled US$863 million, a fall of 13.3 percent, with acquisitions involving overseas firms totaling US$222 million.
They raised a combined US$4.59 billion, a decrease of 40.13 percent from February, Zero2IPO Research Center said in a report. Of the 38, 30 firms raised US$3.73 billion from the mainland market.
Seven companies floated IPOs on ChiNext, the mainland's Nasdaq-style market that aims to finance smaller businesses, to raise US$669 million, and 21 firms listed on the Shenzhen bourse to raise US$2.07 billion, the report said.
Four companies were listed on the Hong Kong exchange and one on the Nasdaq.
Of the 38 companies, 17 were backed by venture capital or private equity investors and raised US$2.54 billion.
Nineteen venture capital and private equity firms gained an average return of 10.68 times from their investments in 13 mainland-listed firms, and nine VC/PE firms gained an average return of 2.3 times from their investments in four overseas-listed firms, the report said.
Chinese companies were involved in 42 mergers last month, a rise of 133.3 percent from a month earlier, Zero2IPO said in a separate report.
The value of the mergers totaled US$863 million, a fall of 13.3 percent, with acquisitions involving overseas firms totaling US$222 million.
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