Deals
China Limits IPOs to 100 in Second Half Amid Stocks Slump
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China plans to have about 100 initial public offerings from June through the end of this year, less than analyst estimates, as the government eases concern that a flood of new share sales would weigh on the stock market.
The share sales will be spread over time to ensure there are a similar number each month, China Securities Regulatory Commission Chairman Xiao Gang said in a statement on the regulator’s website yesterday. UBS AG China strategist Chen Li said the number of IPOs was fewer than the 350 to 400 share offerings that he had expected and may provide a boost to small-company stocks that entered a bear market last week.