China IPO Market Remains World’s Largest–PricewaterhouseCoopers

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By Douglas A. McIntyre Published

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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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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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