Chinese companies rush to launch IPOs

09/15/2009 | China Daily (Beijing)

There has been a boom of initial public offerings among Chinese companies, driven by concern that existing signs of economic recovery might not last, according to this article. Fifteen firms are seeking to list in Shanghai and Hong Kong by Oct. 31, with hopes of raising about $18 billion, and more than 80 are preparing for listings next year. "The pickup in the economy, pickup in stock markets and plenty of liquidity -- all that makes for a good concoction," said Andy Mantel, founder and CEO of Pacific Sun Investment Management.

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China Daily (Beijing)

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