China’s STAR Market Hosts $102 Billion of IPOs in First Three Years

What’s new: China’s tech-savvy STAR Market in Shanghai hosted 486 companies that raised a combined 730 billion yuan ($102 billion) through initial public offerings in its first three years.

The fundraising accounted for more than 40% of IPOs in China’s domestic A-share market during the period, said Cai Jianchun, general manager of the Shanghai Stock Exchange, Tuesday at a forum. Companies traded on the STAR Market have a combined market value of more than 6 trillion yuan.