Rise in IPOs sustains A-share market

Updated 2017-09-28 09:31:05 Shanghai Daily

A growing number of new listings and funds helped the yuan-denominated A-share IPO market maintain momentum in the first three quarters of this year, according to a KPMG report.

There were 346 new initial public offerings in the A-share market in the first nine months, up from 126 in the same period of 2016.

The IPOs netted 172.9 billion yuan ( billion), exceeding the amount in the full year of 2016.

However, the average deal value tumbled 18 percent to 500 million yuan from 610 million yuan in the first three quarters of 2016, with no single IPO raising more than 5 billion yuan.

With an average of eight to 10 new listings every week, about 440 IPOs are expected to raise a total of 230 billion yuan on the Chinese mainland this year, the report said.

Companies in the industrial, technology, media and telecom sectors dominated the A-share IPO market in the first three quarters, contributing to more than half of the total number of IPOs and funds raised.

The report also said private education companies can become a new source of IPOs in the long term after legal barriers have been lifted.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58November 22 2017 17:00:45

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16November 22 2017 17:00:45

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18November 22 2017 17:00:45

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords