China, US propel global demand for technology share offerings
By Jack Freifelder in New York | China Daily | Updated: 2014-12-09 07:29
Technology firms have led the charge in initial public offerings around the globe in 2014, and the world's two largest economies continue to be the driving forces behind the trend, according to experts.
Raman Chitkara, global technology leader for PricewaterhouseCoopers, the multinational professional services firm, said Chinese and US companies account for the lion's share of listings over the past four years.
Between 2010 and 2014 there were 195 IPOs from Chinese tech companies, versus 138 in the US and 80 in the rest of the world, Chitkara said, all of which were $14 million and above.
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