China leads global IPO mart, may raise $60b

BEIJING - China will continue to lead the global IPO market this year in terms of the number of new listings and the amount of capital raised, international accounting firm PwC said on Tuesday.

According to PwC, the total number of new listings will reach 320 in 2011, including 30 listings in Shanghai and 290 on the Shenzhen SME Board and ChiNext, with fund-raising exercises exceeding an estimated 400 billion yuan ($60 billion).

However, due to the potential lack of major IPOs in 2011, PwC forecasts that listing exercises this year may not raise funds as large as those in 2010.