BEIJING, June 12 (Xinhua) -- China saw 102 initial public offerings (IPO) completed by Thursday this year, up 78.95 percent year on year, reported Securities Daily, a sector portal Friday.
By June 11, issuers of the 102 IPOs finished this year raised 125.673 billion yuan, up 149.33 percent year on year, with 38 ones or 37.25 percent of the issuers financing from the sci-tech innovation board totaling 44.018 billion yuan, accounting for 35.03 percent of all the proceeds raised, according to data on Choice, a financial data terminal of eastmoney.com.
Among the issuers, private IPO issuers numbered 90 ones, taking up 88.24 percent of the total and they raised 73.675 billion yuan via their IPOs
By markets, all the 16 IPO issuers on the SME board and 23 of the 24 IPO issuers on the ChiNext market are private companies. Elsewhere, private issuers accounted for 84.21 percent and 79.17 percent of the IPO issuers on the sci-technology innovation board and main board of Shanghai Stock Exchange by Thursday this year.
In the next half-year, market watchers expect IPOs likely to increase from the first half-year in China as regulators are working hard on advancing ChiNext market reform and debut of the experimentation of registration-based stock issuance on the ChiNext market.
Zheng Lei, vice head of the Hong Kong International New Economic Research Institute, said taking into consideration of the registration-based stock issuance reform on ChiNext market, IPOs in the second half-year are likely to be more than that of the first half-year and the annual figure of this year is likely to be larger than that of 2019.
Statistics with website of China Securities Regulatory Commission (CSRC), the sector watchdog showed that there were 428 firms having filed IPO applications to CSRC by June 4 and 49 of them had been nodded. On ChiNext market, IPO applicants reached 199 ones and 15 of them had been approved. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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