Related News
Lowest IPO listings in 2 years
THE number of initial public offerings by Chinese companies fell to the lowest in two years in August as financial institutions have grown lukewarm toward IPOs while declines in global markets over the debt crisis in Europe and the United States have also eroded interest, a report by China Venture showed yesterday.
The number of listings by Chinese firms fell to 26 in August, a drop of nine IPOs from the same period of last year, the report disclosed.
Nasdaq-listed online video company Tudou was the only Chinese firm that listed overseas last month, raising US$170 million while the other 25 firms chose to debut on mainland markets, according to the report.
The money raised from overseas markets by Chinese firms in August totaled only 1.1 billion yuan (US$170 million), a tumble of nearly 67 percent from a year ago and a 90.1 percent plunge from a month earlier, the report said.
"This shows foreign financial institutions are not really interested in Chinese plays any more," the report said, adding that this is a result of accounting scandals that affected some overseas-listed Chinese firms this year.
"The IPO door to Chinese firms in overseas markets is basically now closed," the report added.
The amount of money raised from all the IPOs in August shrank 45.6 percent annually to 27.24 billion yuan, the lowest in two years, the report disclosed.
The number of listings by Chinese firms fell to 26 in August, a drop of nine IPOs from the same period of last year, the report disclosed.
Nasdaq-listed online video company Tudou was the only Chinese firm that listed overseas last month, raising US$170 million while the other 25 firms chose to debut on mainland markets, according to the report.
The money raised from overseas markets by Chinese firms in August totaled only 1.1 billion yuan (US$170 million), a tumble of nearly 67 percent from a year ago and a 90.1 percent plunge from a month earlier, the report said.
"This shows foreign financial institutions are not really interested in Chinese plays any more," the report said, adding that this is a result of accounting scandals that affected some overseas-listed Chinese firms this year.
"The IPO door to Chinese firms in overseas markets is basically now closed," the report added.
The amount of money raised from all the IPOs in August shrank 45.6 percent annually to 27.24 billion yuan, the lowest in two years, the report disclosed.
- 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.