62 new stocks have debuted this year
China’s market for initial public offerings is the hottest it’s ever been, thanks to the country’s securities regulator.
The 62 new stocks that have completed their first month of trading this year soared 420 per cent on average in the span, the steepest such rally on record, data compiled by Bloomberg show. For a clue as to why: the average size of this year’s offerings has dwindled to $88 million, the smallest since 2005.
Read the full article at: business.financialpost.com
