Zurich Soars Up European IPO Rankings With Jolt of Chinese Money

(Bloomberg) — Zurich has raced toward the top of the rankings for European listing venues this year, overtaking the likes of London and Amsterdam. And it has Chinese share sales to thank.

Share sales raised $2.7 billion in Switzerland this year, putting the country second only to Germany, according to data compiled by Bloomberg.

All but one of the deals were stock offerings by Chinese companies such as battery makers GEM Co. and Gotion High-Tech Co., which have been turning to European markets amid escalating tensions with the U.S. Zurich is particularly attractive as Switzerland is perceived as politically neutral, giving China-traded businesses access to a fresh pool of capital at a time when global share sales are faltering.