APAC IPO Market Rallies in First Half of Year, Driven by Rebound in Chinese IPOs, Says Research Report
Xu Wei
DATE:  Jul 13 2017
/ SOURCE:  Yicai
APAC IPO Market Rallies in First Half of Year, Driven by Rebound in Chinese IPOs, Says Research Report APAC IPO Market Rallies in First Half of Year, Driven by Rebound in Chinese IPOs, Says Research Report

(Yicai Global) July 13 -- Driven by a rise in intra-national initial public offerings (IPOs), the Asia Pacific (APAC) IPO market rallied strongly in the first half of this year, with Chinese companies being the most active players, state-run Xinhua news agency reported, citing the APAC cross-border IPO index released by multinational law firm, Baker McKenzie.

Compared with the same period last year, the number of domestic IPOs in China soared 213 percent to 219 in the first half, and the total IPO proceedings also jumped 160 percent to USD16 billion. The Chinese IPO market will continue to grow rapidly as China Securities Regulatory Commission (CSRC) has accelerated initial share offering application review and approval, per the report.

In the first half, Chinese companies issued 23 cross-border IPOs in total, marking a small decrease of two compared with the same period last year, the report shows. The combined value of the IPOs slipped 4 percent to USD6 billion.

As one of the main markets for stock listings of mainland enterprises, Hong Kong has remained the most preferred IPO destination for cross-border initial share issues, and finance continued to be the biggest driving force for IPO activities in the region. Financial enterprises chipped in the largest number of transnational IPOs, and all of the five deals were carried out by Chinese issuers via Hong Kong Exchanges and Clearing Co.

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Keywords:   IPO,Data,Baker & Mackenzie,Companies,Proceedings