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Article: CHINA SEES SURGE IN IPO ACTIVITY THIS YEAR: REPORT.
- Article from:
- AsiaPulse News
- Article date:
- December 28, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Dec 28 Asia Pulse - China continued to lead in both funds raised and the number of initial public offerings (IPOs) over the past 11 months, according to a report by auditor Ernst & Young.
The annual study found the nation raised US$54.4 billion funds in the period, accounting for 21 per cent of total funds raised globally. A total of 227 IPOs were launched by Chinese companies in the past 11 months, compared with 1,739 offers worldwide.
"The surge in IPO activity in China is a clear reflection of the growth in the Chinese economy and the confidence investors have about putting their money into China," said Conway Lee, partner and industry leader ...