Venturing into new highs
Updated: 2007-09-06 09:55
Chinese companies raised an aggregate of about US$11.5 billion overseas compared with 14 domestic companies in the first quarter that listed overseas to raise US$2.06 billion.
"In the latter half of 2007, overseas IPOs will decrease, but domestic IPOs will climb," says Kang.
The Hong Kong exchange led in the number of overseas IPOs, followed by the NYSE and the SGX.
Asia Media Co Ltd was notable in its debut on the "Mothers" section of the Tokyo Stock Exchange, which specializes in high-growth start-up companies, a first for a mainland company.
There were 22 domestic IPOs that raised US$8.97 billion in the second quarter, fewer than the previous quarter, when 27 IPOs raised US$12.02 billion.
A total of 15 companies funded by venture capital or private equity firms went public in the second quarter, raising a total of US$3.80 billion. Among them, US$3.71 billion was raised from overseas listings, up 171 percent from a year ago.
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