HONG KONG -- The outlook of China's onshore initial public offerings remains uncertain for this year following a record-low in fundraising deals in 2024.
For the full year, Chinese mainland stock markets were expected to raise 68 billion yuan ($9.32 billion) through 101 IPOs, according to Deloitte China. This is a 68% drop in value from 2023 and far less than the range of between 267 billion yuan and 317 billion yuan estimated by the financial services provider in December 2023.
