IPOs disappear with no trace in uncertainty
November 11th, 2008
Due to the drop down of share price and investor confidence, initial public offerings (IPOs), with no companies going public on mainland last month, have disappeared off the radar.
There were only 30 domestic companies going public in the third quarter this year, down 60.5 percent year-on-year, and the total funds raised on the Shanghai and Shenzhen stock exchanges fell 86.5 percent year-on-year to $3.12 billion, based on Beijing-based investment research and consulting firm ChinaVenture. Read more…
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