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Business / Stock Market

China Records 125 IPOs in 2014

Published: 02 Jan 2015 - 11:07 pm | Last Updated: 18 Jan 2022 - 01:56 pm

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Beijing - The Chinese mainland stock market saw 125 initial public offerings (IPO) in 2014, raising 78.7 billion yuan ($12.86 billion).

This still fell short of the 154 IPOs, which raised 103.4 billion yuan in 2012, the year before IPOs were suspended, consultancy Deloitte said.

The China Securities Regulatory Commission (CSRC), the securities watchdog, approved seven rounds of new offerings since June 2014, when the Commission restarted the IPO market.

Deloitte figures showed that IPOs from the Main Board in Shanghai contributed the most funds (43 percent), followed by the Small- and Medium-sized Enterprise Board (29 percent) and Shenzhen's ChiNext (28 percent), according to Xinhua news agency.

QNA