China's IPOs down 10x globally

The number of first half initial public offerings of Chinese companies on global exchanges fell by 10x while regulators continue the suspension of IPOs on mainland exchanges.

Chinese enterprises launching IPOs globally in the first half represented $ 4.15 billion in value, down 67 percent from the $12.5 billion reported during the same period in 2012, according to data from Thomson Reuters.

The number of IPOs fell about 10x to 13.

The majority of first half 2013 IPOs were in Hong Kong, where they realised about $4 billion.

Inside mainland China, no IPOs were reported in the first half compared to 100 IPOs representing $10.6 billion in value during the same period in 2012, the data showed.

Mainland IPOs were frozen in late 2012 by China’s securities regulators, who are reviewing the financial performance of listing candidates. Resumption of IPOs on mainland exchanges was expected in April, but didn't happen. Chinese media is reporting the resumption date is now moved to sometime in July, though the China Securities Regulatory Commission (CSRC) has not made an official announcement.

The only private equity-backed IPO of a Chinese company this year was e-commerce business LightInTheBox, which listed on the New York Stock Exchange, according to Thomson Reuters. The company is backed by China-focused private equity firm TrustBridge Partners and venture capital firms GSR Ventures and Ceyuan Ventures, Private Equity International reported earlier.

China's global IPOs

 Jan 1-
Jun 30 
  IPO value
 (US$bn)
 
 Number 
   
 2013  $4.15  13
 2012  $12.5  129
 2011  $33  194

Source: Thomson Reuters

China's domestic IPOs

Jan 1-
Jun 30  
  IPO value
 (US$bn)
 
  Number
     
 2013  $0  0
 2012  $10.6  100
 2011  $23.9  160

Source: Thomson Reuters