China reopens A-share IPO market

About 50 companies are expected to be listed by the end of January, and it will take a year to review all 760 prospective issuers waiting in line, according to the CSRC, China’s securities watchdog.

The China Securities Regulatory Commission has lifted a 13-month ban on A-share initial public offerings and released revised rules to establish a more market-driven approach.  

In a month, some issuers will be able to start their offering processes, with about 50 companies expected to be listed by the end of January, according to the regulator.

Eighty three companies have already passed the regulatory review and can launch their IPOs once they update their listing prospectus according to CSRC’s new rules. The total fundraising size amounts to Rmb60 billion US$9.76 billion...

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