World Economy

Global China IPOs Down

Global China IPOs DownGlobal China IPOs Down

Only 23 Chinese companies went public worldwide in April, a 34% decline from a year earlier, raising just $982 million, according to data compiled by ChinaVenture Investment Consulting Ltd., AsiaFirst reported. The amount of capital raised through initial public offerings last month dipped 84% year on year as the mainland regulator slowed approval of new offerings following local stock market volatility problems, according to the report. Only 11 of the new listings in April were on mainland stock exchanges, down 63% year on year, raising an aggregate Rmb3.75 billion ($576 million), a 76% decline from a year earlier.