Record 274 Companies Apply for IPOs in Last Week of June

A record number of companies are rushing to submit applications for initial public offerings (IPOs) on China’s A-share market even as a rising number of others are withdrawing flotation plans.

In the last week of June, 247 companies submitted IPO applications, the highest weekly number on record. A total of 921 companies are in line to raise money by selling shares on the Shanghai, Shenzhen and Beijing stock exchanges.