IPOs lose steam in February

SHANGHAI: The subdued sentiment in Chinese equity markets and regulatory constraints saw domestic initial public offerings (IPO) remaining tepid in February, with only two Chinese enterprises going public.

Both the companies made their listing debut on the main board of the Hong Kong stock exchange, and the total amount of money raised was over 16 times higher than that in January at $142 million, according to a report from investment research firm ChinaVenture.

"The recent strength in gold prices saw the Real Gold Mining offering oversubscribed by 67 times, making it the largest IPO in terms of financing amount in Hong Kong since last October, " the report said.