China's IPO market reopens (again)

Investors continue to have concerns about high valuations and regulation of the A-share new listing market.

Ten Chinese companies have unveiled initial public offering plans for a total Rmb5.1 billion $840 million, kicking off a new round of IPOs after a four-month overhaul.

The ten, including Guangdong Ellington Electronics Technology and Yunnan Hongxiang Yixintang Pharmaceutical, will begin the offering process as soon as June 11 and aim to complete listing by this month.

Five of the companies plan to IPO on the Shanghai Stock Exchange, while the other five are targeting Shenzhen on its small-and-middle enterprise board and the growth enterprise market.

The ten companies are the first batch to tap the A-share IPO market since 43 groups...

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