Pre-holiday IPO rush may raise $910m

Fourteen companies are set to debut on the Shanghai and Shenzhen bourses on Tuesday, the final trading day before the markets close for the Lunar New Year holiday, and are forecast to raise about 5.6 billion yuan ($910 million).

Actresses Fan Bingbing and Zhao Wei, shareholders in Zhejiang-based Talent International Film Co Ltd, are likely to gain at least 10 times their initial investment as the company goes public at 22.83 yuan per share.

The two actresses own about 2.46 million shares of Talent International, which they bought at an average cost of 2.3 yuan per share, Chinese media have reported.