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Article: INDIA, CHINA IPO ACTIVITY LOSES STEAM IN 2008.
- Article from:
- AsiaPulse News
- Article date:
- August 11, 2008
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NEW DELHI, Aug 11 Asia Pulse - The IPO activity in the Asia Pacific region has nearly halved in the first half of this year, with two of the fastest growing economies -- India and China -- reporting a drop of nearly US$18 billion in mobilisation of such deals.
The total capital gathered by India Inc through IPOs in the first half of 2008 stood at US$4.07 billion dollar as compared to US$7.68 billion in the same period in 2007, global accounting and consulting firm Grant Thornton said.
Meanwhile, data by another deal tracking firm Dealogic said IPOs by Chinese issuers have raised US$15.5 billion through 103 deals so far this year, nearly half of the ...