Skip to content
Subscriber Only

China's Churning Out Billionaires Like It’s 1999

Bloomberg business news

China’s Billionaire Boom: IPOs Build Wealth for 24

Updated on

China’s world-best stock market rally made January the busiest month for IPOs in a year. It also created a bundle of new billionaires.

In the first six weeks of 2015, the world’s second-biggest economy hatched about two dozen billionaires, many of whom are riding initial public offerings that investors are driving to their daily price-trading limits -- a frenzy that harkens back to the IPO market of the late 1990s. Among the high-fliers are an airline, a video-game developer and a drug-store chain.