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400b yuan raised since restart of IPO

By Yu Hongyan (chinadaily.com.cn)
Updated: 2010-06-29 15:55
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One year after the restart of initial public offerings (IPOs), Chinese companies have raised 403.16 billion yuan ($59.37 billion) through their IPOs on the A-share market, xinhuanet reported Monday.

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A total of 274 companies have listed on domestic bourses since June 29, 2009, when Guilin Sanjin Pharmaceutical became the first company to raise money from the stock market after China's nine-month ban on IPOs to regulate the stock market.

Notably, the 90 companies listed on growth enterprises board (GEB), the Nasdaq-style board for startups on the Shenzhen Stock Exchange, raised 65.99 billion yuan since the board was launched in October last year.

Meanwhile, the Shenzhen Stock Exchange has absorbed 164 companies to its Small & Medium Enterprise Board since June last year, and 20 companies floated on the main board during the same period.