Chinese companies tipped to launch 85 foreign IPOs in 2010
Chinese firms are expected to conduct 85 initial public offerings (IPOs) on overseas stock markets in 2010, estimated ZERO2IPO, a Chinese venture capital and private equity research center. The main board of the Hong Kong Stock Exchange, the New York Stock Exchange, and the NASDAQ will continue to serve as the main arena for Chinese listings.
* Some 40 Chinese firms are likely to seek IPOs on the main board of the Hong Kong Stock Exchange, most of which will be real estate, material, and machinery companies.
* Other markets including the Singapore Exchange and the KOSDAQ, South Korea’s NASDAQ equivalent, are expected to attract 25 Chinese IPOs, mostly by consumer goods and high-tech firms in southern China’s Fujian and Guangdong provinces.
Posted: January 26th, 2010 under Breaking News.