Caixin
Aug 09, 2022 03:50 AM
FINANCE

China IPO Market Trounces the World With Record $58 Billion Boom

China’s IPO market has defied headwinds such as rising interest rates and fears of a U.S. recession
China’s IPO market has defied headwinds such as rising interest rates and fears of a U.S. recession

(Bloomberg) — From London to Hong Kong, large initial share sales have all but dried up across the world’s major financial centers this year. But the market in China is bustling with activity.

Initial public offerings on mainland exchanges climbed to $57.8 billion so far in 2022, the largest ever for such a period, according to data compiled by Bloomberg. There have been five IPOs of more than $1 billion since January, and one more is on the way. That compares with just one such sale each in New York and Hong Kong and none in London.

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