Offshore Chinese IPOs Hit Record, as Firms Race to List Before Window Closes
Offshore listings by Chinese firms surged to record highs in 2018, fueled by strong demand from global investors chasing some of China’s hottest names, especially in the technology sector. That listing wave is expected to continue into 2019, but could quickly peter out if recent bearish sentiment becomes the norm, observers said.
Initial public offerings (IPOs) by Chinese firms this year were worth a record $45.6 billion in Hong Kong and New York, the two main locations for offshore listings by Chinese companies, according to a UBS report compiled from Dealogic data through Dec. 14. The figure was more than double $19.2 billion raised in the two cities last year, and also sharply higher than the $26 billion in 2016.
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