1. Friday May 25, 2018

      China leads global IPO market in 2011

      2011-12-30 10:45 China.org.cn     Web Editor: Zhang Chan comment

      China's exchanges continued to lead global IPO activity in 2011, representing 40 percent of total capital raised worldwide this year, U.S. accounting firm Ernst & Young said at a press conference Wednesday in Beijing.

      From Jan. 1 to Dec. 21, IPOs in China raised a total of US$67.9 billion, the company said. Experts estimate 410 deals will be closed by the end of December, which will bring the total amount of capital raised to US$79.3 billion by year's end.

      If estimates prove correct, the figures will still represent a 42 percent decline in funds raised compared to 2010.

      Globally, US$155.8 billion has been raised from IPO offerings this year, Ernst & Young reported, with estimates expecting funding to hit US$170 billion by the end of 2011, a 40 percent decline year-on-year from 2010 but still 50 percent above 2009 totals.

      Sophie Chen, assurance partner at Ernst & Young, said after a promising start in the first two quarters of 2011, global IPO activity dropped dramatically in the second half of the year. Investors remained concerned about sovereign debt issues in Europe and Standard & Poor's downgrading of the US credit rating, Chen said.

      "The negative influence caused by Japan's earthquake early this year, Standard & Poor's downgrading of US credit rating and the uncertainty around the unanimous resolution around the Euro zone debt crisis, all these factors have left investors and issuers with a lack of confidence," she said.

      The largest IPO on Chinese exchanges this year was the US$10 billion listing of Glencore International on the Hong Kong Stock Exchange (HKEx), followed by the US$2.5 billion Prada SpA listing. Strong year-end finish for China IPO market.

      Chen said a big wave of Hong Kong IPOs in December helped the HKEx end 2011 with a strong finish, as issuers made use of the less volatile capital market to complete their IPOs before the year end.

      The Shanghai Stock Exchange (SSE) ranked fourth in global capital raised in the first eleven months of 2011. Chen also indicated that the number of IPO deals on the NASDAQ-like ChinNext exchange this year reached 128, creating the record high and for the first time exceeded the SME exchange.

      Terence Ho, strategic growth markets leader of Greater China at Ernst & Young said China has been a key engine for the IPO resurgence following the global economic downturn which began in 2008.

      "In 2010, China exchanges led the world in bringing new companies to market, this trend continued in 2011 with HKEx, Shenzhen Stock Exchange (SZSE) and SSE among the top five exchanges by capital raised," he said. "With a big wave of IPOs in December, the HKEx will co-lead global exchanges by IPO funds raised in 2011 with the New York Stock Exchange with US$33.4 billion." Outlook for 2012 remains strong

      Ernst & Young pointed out many companies are waiting in the IPO pipeline and will go public once the capital market stabilizes.

      For HKEx, the company forecasted total IPO value in 2012 will reach US$35 to 36 billion. Value will come mainly from sectors like retail and consumer products, financials, industrials and resources.

      Meanwhile, A-Share IPOs will remain active and are expected to raise a large amount of capital in 2012, with the SZSE playing a major role. Experts expect another IPO wave to surface in the first half of 2012.

      Edward Ho, managing partner of Assurance Services Greater China at Ernst & Young, said more companies from the entertainment and media sectors will apply for listings, thanks to the Chinese government's support in raising funds from the capital market for future growth.

      "Although market uncertainty still exists, new IPO filings will continue to increase globally and a large accumulation has built up as companies wait for greater macroeconomic stability," Ho said.

      Ho stressed the key to IPO market recovery lies in the speedy resolution of the European debt crisis. "It will not only stabilize the global capital market, but also rebuild investors' confidence," he said. "The fast growing companies view IPO as a way to raise capital and as the heart of their growth strategies."

      Comments ()

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 一区二区三区观看免费中文视频在线播放 | 成人黄色免费网站| 久久精品无码专区免费东京热| 两个人看的www免费高清| 国产免费A∨在线播放| 国产精品美女免费视频观看| caoporn国产精品免费| 国产精品免费视频观看拍拍| www一区二区www免费| 99精品全国免费观看视频..| 中文字幕一区二区免费| 久久免费视频观看| 免费A级毛片在线播放| 亚洲美女视频免费| 免费无码A片一区二三区| 午夜私人影院免费体验区| 国产青草视频在线观看免费影院| 国产美女a做受大片免费| 伊人久久亚洲综合影院| 亚洲日韩在线中文字幕第一页| 亚洲午夜激情视频| 亚洲VA成无码人在线观看天堂| 亚洲图片一区二区| 久久精品国产99国产精品亚洲| 亚洲中文字幕无码久久| 牛牛在线精品观看免费正| 一级特黄录像免费播放肥| 亚洲免费在线播放| 免费无码AV片在线观看软件| 国产美女无遮挡免费视频| 在线观看亚洲精品国产| 久久久久亚洲AV成人无码网站 | 国产免费av片在线无码免费看| 国产精品亚洲产品一区二区三区 | 亚洲片一区二区三区| 亚洲成av人片天堂网| 亚洲人成片在线观看| 精品久久亚洲一级α| aa在线免费观看| 久久精品国产免费观看三人同眠| 免费看a级黄色片|