PwC: Healthy IPO Outlook Despite Sluggish Growth

(Beijing) – China's IPO market slowed year-on-year under the weight of drops in both the Shanghai exchange and Shenzhen SME board, despite growth in Shenzhen's ChiNext market, said PricewaterhouseCoopers (PwC) on July 4.

In a report released that day, PwC said in the first half of 2011 total IPO proceeds decreased year-on-year in both the Shanghai exchanges and Shenzhen SME board, bringing down the amount in the A-share market to 176.3 billion yuan, 18 percent less than in 2010. The number of IPOs, which stood at 168, also dropped five percent over a year earlier.