China Enterprises IPO Annual Report 2008

【Publication Date】
09-03-15
【Delivery Format】
Hard Copy
【Price】995USD
【Chinese Version】
5200RMB
Sample Menu Buy Now!

The Zero2IPO Research Center recently launched the China Enterprises IPO Annual Report 2008 edition, providing in-depth analyses and comprehensive statistics of new listings debuting on the global markets (NASDAQ, NYSE, AIM, HKMB, HKGEM, SGX, CATALIST, TSE, MOTHERS, KOSDAQ, and FSE), as well as domestic Shenzhen and Shanghai Stock Exchanges. Besides, the report also focuses on China-based VC/PE-backed companies debuting in capital markets in 2008.

It includes: An overall review of Chinese enterprises’ IPOs based upon survey in 2008 and collected data; detailed statistical analysis of overseas IPOs, domestic IPOs, and VC/PE-backed Chinese enterprises IPO; 35 disclosed VC/PE-backed enterprises’ IPOs; and the future outlook. China’s over-the-counter (OTC) equity market system and its development are the special issue of this report, which reviews the history of the OTC equity market of the Chinese enterprises, describes the composition, current status and future trend of China’s OTC equity market system in detail. It also performs an in-depth analysis on the existing problems and suggestions for China’s OTC equity market system.

I. Overseas IPO

A total of 37 overseas listings offered a collective US$6.92B with an average of US$187.09M. In comparison with the previous year, IPO events decreased by 81 ones, offer amount by 82.6% and average offer amount by 44.5%. Of the 37 overseas debuts, 23 ones raised less than US$100.00M each (including three ones with respective offer amount less than US$10.00M). Only two enterprises offered over US$500.00M: HKMB-listed China Railway Construction Corporation Limited and China South Locomotive & Rolling Stock Corporation.

II. Domestic IPOs

The 2008 domestic capital market was heavily hit with share prices plummeted due to a series of bad news, such as the decreased enterprise profit and economic growth pace, the overseas financial tempest, as well as natural disasters. A total of 76 Chinese enterprises were listed on A-share market in 2008 and they collectively raised US$14.91B with an average offer of US$196.15M. IPO events, offer amount and average offer exhibited a sharp decrease in comparison with 2007. Specifically, the number of IPO events was decreased by 48, offer amount by 77.1%, and average offer by 62.6%. Of the 76 debuts, five enterprises listed on Shanghai Stock Exchange raised US$10.54B with an average of US$2.11B. The rest 71 enterprises listed on Shenzhen SME Board collectively offered US$4.37B with an average of US$61.52M. 

III. VC/PE-backed Chinese IPOs

The performance of VC/PE-backed enterprises was generally far from satisfaction with a substantial decrease in both exit number and offer amount. A total of 35 VC/PE-backed Chinese enterprises raised a combined US$3.42B at home and abroad. In comparison with 2007, the offer amount fell by 90.0% and the number of listings by 59. Herein, 12 overseas listings (49 less than 2007) collectively offered US$2.08B, declining by 86.1% over 2007.