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Thursday, June 21, 2007

China, Big Winner in Global IPO Market

Global IPO activity soared to US$227 billion with 1,559 IPOs in 2006 from US$167 billion in 2005, according to figures released today by Ernst & Young (data provided by Ernst & Young, Dealogic and Thomson Financial).

Chinese companies raised $56.6 billion — the world No. 1 in 2006. China was followed by US companies with total proceeds of $34.1 billion, and Russian companies with $18 billion was placed in the third place.

2006 saw the biggest IPO ever with the listing of ICBC in China, raising almost US$22 billion alone. In second and third place came the IPOs for Bank of China Ltd and Rosneft with each raising more than US$10 billion, beating last year's most significant IPO for China Construction Bank. Four out of the top 10, and six out of the top 20, deals were from emerging markets.

HKSE (Hong Kong) came out number one with 17% of the total capital raised worldwide. In second place with 15% was LSE.

In 2005, Chinese companies raised US$24.2 billion from stock market, second only to US's US$33.08 billion.

Another Asian giant raised US$7.23 billion from the capital market.

The source for the above data:$file/E&Y-SGM-GlobalIPOSurvey2006.pdf

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