CCTVJun 20, 2014Markets & Economy
Maryam Behmard on China's IPO Market Outperforms the U.S.
Live from Shanghai as four companies line up to list, hoping to raise a combined $274 million - with Chinese IPOs running well ahead of their US counterparts.
In this segment
- The Shanghai machinery maker leading the batch aims to sell up to 20 million shares on the Shanghai Stock Exchange.
- Three more companies target a combined 1.5 billion yuan on the smaller Shenzhen exchange - $274 million across all four.
- Analysts put Chinese IPOs around 35% ahead of US listings on average.
- Anxiety that Alibaba's coming float could deflate the rest of a pipeline the CSRC wants to fill with 100 more listings this year.
- Tightened pricing rules split opinion - reform that lifts IPO quality, or pressure that pushed firms into suspending their listings.