A senior New York Stock Exchange (NYSE) official has said that IPOs by companies from China were extremely robust in 2017 and the strong momentum is expected to continue this year.
In 2017, the NYSE listed 35 non-U.S. companies, of which nine were from China, by far the No. 1 in terms of new listings among all the countries and regions, said Alex Ibrahim, head of International Capital Markets for the NYSE.
At a press briefing held at NYSE Thursday, Ibrahim said that so far 87 companies from China have been listed on the NYSE, including both large state-owned enterprises and very cutting-edge tech and financial tech companies, with over a trillion dollars in market cap.
"When I go outside U.S., talking about listings, everyone asks me where do you see most of the listings come from? China, No. 1," he said, followed by Latin America -- Brazil and Argentina, Canada which ranks third, and Europe.
"Maybe we will see some activity in central to eastern Europe, but China, by far, is where we see growth," he said, adding that most Chinese companies are from technological and educational sectors, as well as the consumer sector.
He said in the past few years, more and more non-U.S. companies were returning to the U.S. market, and to date more than 500 non-U.S. companies are listed on the NYSE. In January this year, NYSE saw five new listings from outside the country.
"As we look into the future, if the market stabilizes, in March we expect two Chinese companies that have already publicly filed at the SEC, one in educational sector and one in financial technology sector, to list here on NYSE," he said.
According to Chris Taylor, vice president of NYSE Listings and Services, NYSE currently has about 2,300 listed companies from 45 countries all over the world, of which 1,800 are U.S. companies and over 500 are from outside the United States, with a total market value of 25 trillion dollars.
In 2017, a total of 89 companies were listed on the NYSE, raising a total of 31 billion dollars.
In 2017, the NYSE listed 35 non-U.S. companies, of which nine were from China, by far the No. 1 in terms of new listings among all the countries and regions, said Alex Ibrahim, head of International Capital Markets for the NYSE.
At a press briefing held at NYSE Thursday, Ibrahim said that so far 87 companies from China have been listed on the NYSE, including both large state-owned enterprises and very cutting-edge tech and financial tech companies, with over a trillion dollars in market cap.
"When I go outside U.S., talking about listings, everyone asks me where do you see most of the listings come from? China, No. 1," he said, followed by Latin America -- Brazil and Argentina, Canada which ranks third, and Europe.
"Maybe we will see some activity in central to eastern Europe, but China, by far, is where we see growth," he said, adding that most Chinese companies are from technological and educational sectors, as well as the consumer sector.
He said in the past few years, more and more non-U.S. companies were returning to the U.S. market, and to date more than 500 non-U.S. companies are listed on the NYSE. In January this year, NYSE saw five new listings from outside the country.
"As we look into the future, if the market stabilizes, in March we expect two Chinese companies that have already publicly filed at the SEC, one in educational sector and one in financial technology sector, to list here on NYSE," he said.
According to Chris Taylor, vice president of NYSE Listings and Services, NYSE currently has about 2,300 listed companies from 45 countries all over the world, of which 1,800 are U.S. companies and over 500 are from outside the United States, with a total market value of 25 trillion dollars.
In 2017, a total of 89 companies were listed on the NYSE, raising a total of 31 billion dollars.
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