Rebound in IPOs yields windfall for PE/VC investors

Initial public offering activity in China is up sharply this year, generating large gains for venture capital and private equity investors, ChinaVenture Group said on Tuesday.

There were 224 IPOs in the first 11 months that raised a total of 340.8 billion yuan ($55.4 billion), up 159 percent for the full-year figure in 2013, the group said in a report.

It said 174 venture capital and private equity firms cashed out in the IPOs, receiving 590.5 billion yuan, up 1,367.7 percent from the full-year total in 2013.