Investing
China IPO Market Remains World's Largest--PricewaterhouseCoopers
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China’s IPO market may have cooled as the demand for new company issues fell toward the end of last year. Investors also questioned the reliability of the books of some firms based in the People’s Republic.
PricewaterhouseCoopers said Chinese companies raise $45.5 billion on the Shanghai and Shenzhen. That was down 41% down from 2010.
Reuters reports, in a review of the accounting firm’s study that
PwC forecast that China’s IPO market would remain at the same level in 2012, raising 270-300 billion yuan, even as the market faces headwinds including weak investor demand and price volatility.
The data and forecast confirm that the US has lost its position as the No.1 market for IPOs and is not likely to regain its this year, despite plans of Facebook and several other large internet and tech companies to go public
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