IPOs may raise 40% more funds
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E-mail Shanghai Daily, January 8, 2013
China's initial public offering market may see a surge of up to nearly 40 percent in funds raised this year as the economy continues to recover due to government stimulus measures.
The domestic stock markets are likely to see 200 new IPOs in 2013, including 40 on the main board and 160 on the SME board and ChiNext board, according to a report by PricewaterhouseCoopers yesterday.
The IPOs are expected to raise between 130 billion yuan (US$20.9 billion) and 150 billion yuan, an increase of 20 to 39 percent from last year's 108.3 billion yuan, the report said.
Frank Lyn, managing partner of PwC China and Hong Kong, said China's IPO market will rebound this year due to the government's stimulus policies which are likely to help the economy grow faster than in 2012.
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