Leading the pack

Shenzhen tops Asian IPO market in April

The Shenzhen stock exchange hosted four out of the top 10 IPOs in Asia in April amid relatively subdued activities across the region.

ChiNext, the Nasdaq-style board under Shenzhen Stock Exchange, hosted four out of the 10 top Asian IPO and was the busiest stock exchange in Asia last month. 

However, Shanghai Stock Exchange won the largest deal in April by hosting the IPO of chemical company Ningxia Baofeng Energy Group, which raised $1.2 billion through its listing on the mainboard.

Top 10 IPOs in terms of deal size in April

Lakala, a payment service company founded in 2005, was the second largest IPO as it listed on Chinext with total proceeds of $199 million. 

Share price performance since debut in decending deal size

Two Indian companies, Polycab India and Metropolis Healthcare, did not perform as good as their counterparts in China in terms of after-market performance. Many Chinese IPOs in April saw their share price jump more than 90% after their debuts.

Sector Comparison

Thanks to Lakala's IPO, computer and electronics topped last month's categories by deal value. 

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