China’s Thriving IPO Market Might Just Be an Optical Illusion
- Twelve companies have priced IPOs this month, raising $2.8b
- Pipeline may be hurt with no review meetings set after break
Photographer: Qilai Shen/Bloomberg
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While the coronavirus outbreak has put a halt to a big chunk of China’s economy, the country’s domestic IPO market has charged forward. That might not last, though.
Twelve companies have priced initial public offerings this month, with a combined value of $2.8 billion, according to data compiled by Bloomberg. That makes it the busiest 10 business days following the Lunar New Year break since 2015.