IPOs slow in Q1
Source: Bloomberg News |
April 8, 2011, Friday
|
Print Edition
Print Edition
INITIAL public offerings by Chinese companies slowed in the first quarter of this year from a year earlier, according to research company Zero2IPO.
A total of 105 Chinese companies raised US$18.4 billion in the January-March quarter, the Beijing-based researcher said in a report issued yesterday. That's five fewer firms than carried out IPOs in the first quarter of last year, with US$919 million less being raised, Zero2IPO said.
Private-equity and venture capital funds booked an average 29.84 times return on their investments in the Chinese firm IPOs. Investors on average booked larger returns on domestic IPOs than on overseas listings, the report said.
The number of Chinese companies raising funds via IPOs overseas fell to 16 in the first quarter from 19 a year earlier, according to the researcher. Those companies raised US$2.6 billion in the first quarter, compared with US$2 billion in the same period of 2010, Zero2IPO said.
A total of 105 Chinese companies raised US$18.4 billion in the January-March quarter, the Beijing-based researcher said in a report issued yesterday. That's five fewer firms than carried out IPOs in the first quarter of last year, with US$919 million less being raised, Zero2IPO said.
Private-equity and venture capital funds booked an average 29.84 times return on their investments in the Chinese firm IPOs. Investors on average booked larger returns on domestic IPOs than on overseas listings, the report said.
The number of Chinese companies raising funds via IPOs overseas fell to 16 in the first quarter from 19 a year earlier, according to the researcher. Those companies raised US$2.6 billion in the first quarter, compared with US$2 billion in the same period of 2010, Zero2IPO said.
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