Chinese firms raise $1.9b in US

14:41, July 07, 2011      

Email | Print | Subscribe | Comments | Forum 

Led by a number of Internet companies, Chinese IPOs surged in the US in the first half of this year, Modern Express reported Thursday.

According to statistics from New York Stock Exchange, a total of 10 Chinese companies launched IPOs in the US market and raised $1.9 billion in the six months of this year, up 225 percent from the same period a year ago.

Eight of the 10 companies belong to the technology, media and telecommunications (TMT) industry.

Due to investors' concern about China's inflation, recent market fluctuations and the financial fraud scandals of Chinese concept stocks, Chinese companies' IPO didn't perform as well as home, with 40 percent of them seeing a price drop on the first trading day.

Source:China Daily
 
 
     
 
 
 
     
 
 
 
  Weekly review  
 
 
 
     
 
 

(Editor:刘晓宁)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Beijing-Shanghai High-Speed Train now in Operation
  • From drought to floods
Major headlines
Editor's Pick
  • Bouyei Folk Custom Festival 0pens in Zhenfeng County, SW China
  • NTC against national security: Libyan gov't spokesman
  • Somalians flee from south for food aid
  • NTC against national security: Libyan gov't spokesman
  • Mini wireless keyboard promoted at exhibition in HK
  • Mini wireless keyboard promoted at exhibition in HK
Hot Forum Discussion