China’s market is humming with activity despite the fact that massive initial share sales have dried up in the major financial hubs of the world this year.
According to data collated by Bloomberg, initial public offerings on mainland marketplaces have increased to $57.8 billion thus far in 2022, the highest amount ever for such a time period.
Since January, there have already been 5 IPOs worth over $1 billion launched, and one more is on the way.
According to a Bloomberg article, there was only one such transaction each in New York and Hong Kong, and none at all in London.
The IPO market in China appears to have overcome obstacles like interest rate hikes and worries about a US recession, which have effectively stopped big equity fundraising abroad.