Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career
GET STARTED

China number one for IPOs

CHINA IS set to become the world’s single-largest market for initial public offerings, market analysts predict.According to Thomson Financial, China has so far contributed US$91.3 billion ($104…

user iconLawyers Weekly • 04 January 2008 • NewLaw
expand image

CHINA IS set to become the world’s single-largest market for initial public offerings, market analysts predict.

You’re out of free articles for this month
According to Thomson Financial, China has so far contributed US$91.3 billion ($104 billion) from 213 issues to the global IPO market this year. With another 14 deals in the pipeline, it is likely to add another US$7.8 billion to this total by the years end. The US, by comparison, has so far brought in US$38.9 billion ($44.3 billion) from 178 issues.

In total, the Asian markets are expected to launch a sizeable US$31.4 billion ($35.8 billion)-worth of IPOs by the end of the year. Indian firms are on course to contribute US$6.8 billion ($7.7 billion) of this, with 30 deals due to proceed in this time.

The most anticipated IPO of the year, according to Thomson Financial, is the China Pacific Insurance IPO worth approximately US$3 billion ($3.4 billion).

Other notable deals are India’s Emaar-MGF Land Private Ltd IPO worth around US$1.5 billion ($1.7 billion) and Singapore’s Mappletree Investment IPO worth around US$1.8 billion ($2.1 billion), both due to launch before the year’s end.

The Shanghai stock exchange is the world’s top IPO exchange in terms of proceeds with US$51.1 billion ($58.2 billion) worth of IPOs from 20 countries this year, followed by London and the New York stock exchanges.

Tags
You need to be a member to post comments. Become a member for free today!