220 Chinese IPOs raised $152 billion in 2105

Chinese companies raised more than one trillion yuan ($152 billion) through the A-share market in 2015, official data showed, reported state news agency Xinhua.

Last year, 220 companies completed initial public offering (IPO), raising 157.8 billion yuan, up 136% from the previous year, according to data from the China Securities Regulatory Commission (CSRC).

A total of 399 listed firms on the Shanghai and Shenzhen bourses raised 893.2 billion yuan, up 31% from the previous year, by shares allotment, additional public offering or convertible securities issuing.

In 2015, China’s listed companies saw 2,669 merger and acquisition deals worth about 2.2 trillion yuan, up 52% from 2014.

China has the world’s second-most capitalized stock market behind the US, after overtaking Japan a year ago.



Categories: Asia Unhedged, China

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