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CN Informs Some Firms to Reinitiate A-Shr IPO Process: Report
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Chinese authorities have recently told some companies and advisors that they can restart their IPOs in China, the Financial Times reported, citing sources. Companies in sectors, including technology, advanced manufacturing, and consumer industries, have also been informed that they can submit IPO application documents. Previously, China was concerned that IPOs might further drag down the stock market. As indicated by data from Dealogic, China's IPO fundraising plummeted by 80% to less than US$9 billion last year, and the number of listed companies also sank by 60% to 96 compared to 2023. Sources believed that regulators have become more open to A-share IPOs and share placements, and authorities are reaching out to some high-quality issuers and asking them to prepare to submit IPO applications. AAStocks Financial News |
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