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China's A-share market sees IPO surge in first five months

2021-06-07 12:00

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BEIJING, June 7 (Xinhua) -- China's A-share market saw a surge in initial public offerings (IPOs) during the first five months of 2021 amid steady capital market reform, data showed.

The number of firms that were granted to be listed during the January-May period stood at 164, a remarkable growth from last year, according to data from financial information provider Wind.

Funds raised via IPOs totaled 151.2 billion yuan (about 23.6 billion U.S. dollars) during the period, the highest for the same period since 2011.

IPO boom in the country has helped enterprises with financing and upgrading, and was testimony to the positive effects of its registration-based IPO reform, experts said.

IPO activities were expected to continue robust momentum in 2021. According to CITIC Securities, China will see about 650 firms seek for IPO in 2021, with funds raised to reach 550 billion yuan.
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