China expects around 100 IPOs from June to December
IPOs
Beijing - XINHUA
China's securities regulator on Friday announced around 100 initial public offerings (IPOs) from June to December this year.
To stabilize market expectations, the China Securities Regulatory Commission (CSRC) will balance the number of IPOs on a monthly basis, with no more than 20 each month, CSRC spokesman Deng Ge said.
The CSRC approved 10 IPO applications on June 9, the official restart of approvals after a four-month lacuna. Nine of them have started trading.
To address market concerns, the CSRC aims to keep new listings at a regular pace.
More than 600 firms are still in the pipeline for IPOs.
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