China leads world IPO in 2011
- By He Shan
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China.org.cn, December 22, 2011
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Shanghai?Stock Exchange. [CFP] |
Chinese companies led the world IPO market in volume in 2011, despite a slight cool-down, according to data compiled by Thomson Reuters.
Last year, Chinese companies raised US$52.44 billion in initial public offering, US$38.57 billion in rights offering and US$7.61 billion in convertible bonds, together marking an increase of more than 30 percent.
Shanghai Stock Exchange took first place for IPOs advanced by Chinese firms, raising a total of US$14.94 billion by Dec. 19. Last year’s leader Hong Kong Stock Exchange dropped to the third with US$12.07 billion.
Guoxin Securities led the underwriters this year with US$7 billion in volume of offerings, followed by PingAn Securities and Citic Securities.
China's business press carried the story above on Thursday.
