Chinese companies in the mainland are expected to raise between 150 billion (US$24.71 billion) and 170 billion yuan through initial public offerings (IPOs) in the A-share market in 2014, Deloitte China said Monday. The figure is up 64.4 percent from 103.4 billion yuan in 2012.
About 200 to 230 of the 673 listing candidates will make their market debut next year, a 49.4 percent increase from 154 new listings in 2012, Edward Au, co-leader of National Public Offering Group of Deloitte China, told a press conference Monday.
IPOs have been suspended since January 2012 and will resume early next year.
In 2013, about 90 percent of Hong Kong IPOs were from the Chinese mainland, Deloitte China said.
Hong Kong is expected to maintain its status as the world’s second largest IPO market by revenue this year with 104 new listings, raising HK$166 billion (US$21.34 billion), up 84 percent and 68 percent, respectively, from 2012, Deloitte data shows.
Four to five large IPOs are expected to help push Hong Kong’s IPO market to between HK$170 billion and HK$210 billion in 2014 from this year. However, the number of new listings may fall to about 85 to 100.
Hong Kong’s 2014 IPO market is likely to attract state-owned enterprises and private companies from China’s financial and property sectors.
The A-share market will see more candidates, mainly smaller firms from the manufacturing, technology and consumer sectors, Au said.
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