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CHINA IS set to become the world’s single-largest market for initial public offerings, market analysts predict.According to Thomson Financial, China has so far contributed US$91.3 billion ($104…
CHINA IS set to become the world’s single-largest market for initial public offerings, market analysts predict.
In total, the Asian markets are expected to launch a sizeable US$31.4 billion ($35.8 billion)-worth of IPOs by the end of the year. Indian firms are on course to contribute US$6.8 billion ($7.7 billion) of this, with 30 deals due to proceed in this time.
The most anticipated IPO of the year, according to Thomson Financial, is the China Pacific Insurance IPO worth approximately US$3 billion ($3.4 billion).
Other notable deals are India’s Emaar-MGF Land Private Ltd IPO worth around US$1.5 billion ($1.7 billion) and Singapore’s Mappletree Investment IPO worth around US$1.8 billion ($2.1 billion), both due to launch before the year’s end.
The Shanghai stock exchange is the world’s top IPO exchange in terms of proceeds with US$51.1 billion ($58.2 billion) worth of IPOs from 20 countries this year, followed by London and the New York stock exchanges.
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