EY: China leads world's IPO deals in H1 2017
- By Guo Xiaohong
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E-mail China.org.cn, June 28, 2017
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EY released its quarterly global IPO report in Beijing on June 26, 2017. |
In the first half of 2017, the world IPO market witnessed the most robust start within the recent decade, in terms of trade volume (772 IPOs and 70% up compared to H12016) and capital raised (US$83.4 billion and 90% up).
The Greater China IPO market (Shanghai and Shenzhen exchanges and HKEx) will continue to lead the global listing with an estimated 315 IPOs by the end of June, while New York Stock Exchange (NYSE) will top by capital raised, according to the quarterly Global IPO report released by EY, a global leader in assurance, tax, transaction and advisory services, on June 26.
Among the IPOs listed in China’s mainland from Jan. to June this year, industrial enterprises ranked first both with their deal number and raised capital, followed by TMT (technology, media and telecom), material, retail and consumption and heath industries.
HKEx also saw strong IPO activities, with 97% new shares oversubscribed on its main board and beginning to attract pension and education industries.
China’s newly revised law on private education boosted the asset-backed securitization in educational industry, said Terence Ho, EY's Greater China Strategic Growth Markets.
The IPO outlook in the latter half of 2017 will see a steady growth in the world. MSCI inclusion of China A-shares in its EM Index last week will also see influx of foreign capital into Chinese market in the future, predicted Ho.
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