TMT listings raise $2.4b in second half of 2015

There were 14 Chinese technology, media and telecommunications (TMT) initial public offerings in the second half of 2015 garnering 15.5 billion yuan ($2.4 billion), and China would rank the top three by both IPO number and value in 2016, a report of PricewaterhouseCoopers showed on Thursday.

Among those 14, four were cross-border, worth 10.6 billion yuan, which made up 69 percent of the total raised in the period. The main board had four IPOs, which raised 2.8 billion yuan, representing 18 percent of the total amount.

There were also four which raised 1.5 billion yuan on the startup ChiNext market in Shenzhen, comprising 10 percent of the total.