China Everbright Bank raises $2.8 billion in the country's second-biggest IPO of 2010

China Everbright Bank's $2.8 billion debut lifts the total value of Chinese IPOs to $63.7 billion this year, or almost half the global value.

China cemented its position as the global IPO champion yesterday when China Everbright Bank raised Rmb18.9 billion $2.8 billion in the country's second-biggest initial public offering of the year. It is the fourth-largest in the world in 2010.

So far this year, Chinese companies have launched 261 IPOs on both domestic and overseas stock exchanges, raising a total of $63.7 billion -- already more than the $50.6 billion raised in 2009, and 46.8% of global IPO volume this yead, according to data from Dealogic.

The trend shows no signs of abating. PricewaterhouseCoopers PwC says that Chinese enterprises will continue coming to China and Hong Kong to raise capital in the...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222