Chinese IPO slowdown leaves returnees out in the cold

0629N Wanda Plaza

Hong Kong-listed Dalian Wanda Commercial Properties is being taken private, likely in preparation for a mainland listing.

YUSHO CHO, Nikkei staff writer

SHANGHAI -- China's initial public offering market has shrunk dramatically this year, with overseas-listed Chinese companies that are planning mainland debuts among those left to wait in a growing line.

Funds raised from Chinese IPOs between January and June plunged 80% on the year to 32.4 billion yuan ($4.88 billion). Companies raked in 64 billion yuan via IPOs in June 2015 alone.

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