In the first half of 2024, Chinese enterprises completed a total of 94 IPOs in the global market, which was 136 less than the same period of 2023 and 100 less than the second half of 2023.
Overview of Chinese Enterprise IPOs in the Global Market
1.1 Number of Chinese Enterprise IPOs in the Global Market
According to Wind data, in the first half of 2024, Chinese enterprises completed a total of 94 IPOs in the global market (A-shares based on online issuance date, and Hong Kong and US stock markets based on first listing date), which was 136 less than the same period in 2023 and 100 less than the second half of 2023.
1.2 Fundraising Scale of Chinese Enterprise IPOs in the Global Market
The total amount of funds raised by Chinese enterprises in the global IPO market was approximately RMB 57.46 billion, down 75.84% from the same period in 2023 and down 66.25% from the second half of 2023.
1.3 Number of Chinese Enterprise IPOs by Market
Specifically, there were 43 IPOs on the A-share market, 27 on the Hong Kong stock market, and 24 on the US stock market. Compared with the same period in 2023, the number of IPOs on the A-share market decreased by 141, on the Hong Kong stock market decreased by 1, and on the US stock market increased by 6. Compared with the second half of 2023, the number of IPOs on the A-share market decreased by 87, on the Hong Kong stock market decreased by 10, and on the US stock market decreased by 3.
1.4 Fundraising Scale of Chinese Enterprise IPOs by Market
From the perspective of fundraising, Chinese enterprises raised RMB 30.27 billion on the A-share market, a decrease of 86.16% from the same period in 2023; raised RMB 11.41 billion in the first IPO on the Hong Kong stock market, a decrease of 24.32% from the same period in 2023; and raised RMB 15.78 billion in the first IPO on the overseas market, an increase of 287.91% from the same period in 2023.
1.5 Fundraising Scale of Chinese Enterprise IPOs by Industry
Information technology and optional consumption had a fundraising scale of over ten billion each, which were RMB 20.65 billion and RMB 17.04 billion respectively.
1.6 Top 20 Fundraising Scale of Chinese Enterprise IPOs
The top two fundraising companies in the first half of 2024 are both listed on the NYSE, namely, Amphenol sports and GecKo, with fundraising amounts of RMB 11.16 billion and RMB 3.132 billion, respectively.
Overview of Chinese Enterprise IPOs on the A-share Market
2.1 Number of Chinese Enterprise IPOs on the A-share Market
In the first half of 2024, 43 Chinese enterprises completed IPOs on the A-share market, of which 31 were in the first quarter and 12 were in the second quarter.
2.2 Fundraising of Chinese Enterprise IPOs on the A-share Market
In the first half of 2024, the amount of funds raised by Chinese enterprises in the A-share IPO market was RMB 30.272 billion, down 76.73% from the same period in 2023, and down 93.55% from the second quarter of 2023.
2.3 Number of Chinese Enterprise IPOs on the A-share Market by Exchange
Looking at different exchanges, in the first half of 2024, there were 19 companies listed on the Shenzhen Stock Exchange and 15 companies listed on the Shanghai Stock Exchange. In addition, 9 companies completed their listing on the BSE.
Amount of funds raised by IPOs of Chinese A-share companies in different exchanges:
From the fundraising situation, the total amount of fundraising by listed companies on the Shanghai Stock Exchange was 16.756 billion yuan; the total amount of fundraising by listed companies on the Shenzhen Stock Exchange was 11.64 billion yuan; and the total amount of fundraising by listed companies on the BSE was 1.877 billion yuan.
Distribution of Chinese A-share IPOs by industry:
From an industry perspective, the number of IPOs in the information technology industry was the highest and the amount of funds raised was the largest, reaching 15.412 billion yuan.
Regional distribution of Chinese A-share IPOs:
In terms of region, there are more listed companies in A-share market in Jiangsu and Guangdong, with 9 and 8 listed companies respectively. The amount of funds raised by companies in these two regions is also the highest, totaling 6.357 billion yuan and 5.304 billion yuan respectively.
Overview of Chinese companies listed on the Hong Kong Stock Market IPO:
Number of Chinese companies listed on the Hong Kong Stock Market IPO:
In the first half of 2024, 27 Chinese companies were listed on the IPO in the Hong Kong market, 10 in the first quarter and 17 in the second quarter. Chinese companies listed on the Hong Kong Stock Exchange all landed on the main board of the HKEX.
Amount of funds raised by Chinese companies listed on the Hong Kong Stock Market IPO:
Chinese companies listed on the Hong Kong Stock Market IPO raised a total of 11.407 billion yuan, with 3.847 billion yuan raised in the first quarter and 7.56 billion yuan raised in the second quarter.
Distribution of Chinese companies listed on the Hong Kong Stock Market IPO by industry:
From the industry distribution of Chinese companies listed on the Hong Kong Stock Exchange, the majority are information technology companies, with a total of 5 billion yuan raised.
Distribution of Chinese companies listed on the Hong Kong Stock Market IPO by region:
Companies listed on the Hong Kong Stock Market are mainly from Guangdong and Beijing, with 7 and 6 companies respectively. In terms of fundraising, Guangdong companies raised the most, with a total of 3.242 billion yuan.
Overview of Chinese companies listed on the US stock market IPO:
Number of Chinese companies listed on the US stock market IPO:
In the first half of 2024, Chinese companies completed their IPOs overseas, and 2 companies were listed on the NYSE, while the remaining 22 companies were listed on the NASDAQ.
Amount of funds raised by Chinese companies listed on the US stock market IPO:
Chinese-funded enterprises listed on the US stock market raised RMB 15.781 billion, a significant increase from the same period in 2023.
Industry distribution of Chinese-funded enterprises listed on the US stock market in 4.3 IPOs.
Looking at the industry distribution of Chinese-funded enterprises listed overseas, consumer companies are the most selected, with 11 companies; the largest fundraising is also consumer companies, totaling RMB 15.036 billion.
Regional distribution of Chinese-funded enterprises listed on the US stock market in 4.4 IPOs.
Most of the Chinese-funded enterprises listed on the US stock market are Hong Kong-based companies, reaching 10; in terms of fundraising, Hong Kong companies raised a total of RMB 452 million.
Attached: Details of Chinese-funded enterprise IPOs in the first half of 2024
This article is selected from the WeChat official account "Wind". The editor of WiseMoney.com is Zhang Jinliang.