s
Global EditionASIA 中文双语Français
Business
Home / Business / Finance

China sees TMT IPOs surge in H2: PwC

Xinhua | Updated: 2020-02-23 22:07
Share
Share - WeChat
An investor tracks stock prices at a securities company in Hangzhou, East China's Zhejiang province, on Jan 2, 2020. [Photo/Sipa]

BEIJING - China saw a surge in the initial public offerings (IPOs) of technology, media and telecommunication (TMT) sectors in the second half of 2019, data from global auditing and consultancy firm PwC showed.

The number of listed TMT companies came in at 74 during the period, with the total capital raised topping 155.3 billion yuan ($22.25 billion), PwC said.

The firm attributed the IPO boom in these sectors to the launch of the sci-tech innovation board (STAR) of the Shanghai Stock Exchange, as 28 Chinese mainland TMT companies got the green light in the STAR market during the latter half of last year, accounting for 38 percent of the total.

E-commerce giant Alibaba's secondary listing on the main board of Hong Kong stock exchange collected the largest amount of capital, followed by game-streaming platform DouYu and software provider Kingsoft.

A total of 104 Chinese mainland TMT companies got listed in 2019, a hike of 58 percent from last year, with money raised falling slightly to 178 billion yuan, data from PwC showed.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE