Small and medium-sized enterprises take a lion share of the 83 initial public offering (IPO) applications being reviewed by the securities regulator, the China Securities Journal reported Monday, citing data from securities brokers. Almost half of the IPO candidates are engaged in electronics, information technology, medicine, vehicles and machinery industries, the paper said. Deng Ge, spokesman of the China Securities Regulatory Commission, was quoted as saying around 50 companies are expected to list after completing the IPO procedures by January 2014. Citic Securities estimates that the 50 companies could raise about 30 billion yuan (US$4.89 billion) in their initial share sales, the report said.
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