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Chinese enterprises' overseas IPOs surge in 2018, Dealogic
October 11, 2018
Abstract : Chinese enterprises’ IPOs in overseas exchanges have reached nearly 36 billion U.S. dollars so far this year, up more than 3 times year on year, according to Dealogic, a global financial data provider.
BEIJING, Oct. 11 (Xinhua) -- The amount of Chinese enterprises’ initial public offerings (IPOs) in overseas exchanges have reached nearly 36 billion U.S. dollars so far this year, three times more than a year ago, according to Dealogic, a global financial data provider.
Statistics by Dealogic show that the stock and stock-related offerings of Chinese enterprises account for more than 20 percent of the global issuance, as compared with the proportion of 17 percent in the same period of last year and five percent five years ago.
Data also shows that Goldman Sachs participated in 70 percent of those overseas IPOs which involve sectors such as bio-technology, science and technology, media and communications.
These new emerging industries would continue to drive stock issuance of Chinese companies in 2019, predicted Wang Yajun, Goldman Sachs' head for China's stock and capital market. (Edited by Gu Shanshan)
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