HONG KONG -- The global market for initial public offerings recovered briskly in the first quarter of 2017, raising a total of $36 billion, helped by a six-year high in Asian IPOs totaling $12.76 billion.
Asia, in turn, was lifted by strong momentum in mainland China, where the securities regulator has sped up approvals for stock flotations. According to financial data provider Dealogic, Chinese companies raised a total of $8.48 billion from 122 first-time share sales over the three months to March. That amounts to 66.5% of the region's total funds raised from IPOs and 55.5% of deal volume.
