Skip to content
Subscriber Only

The Brokers Left Stranded as China’s IPO Party Suddenly Ends

Updated on

China’s sudden halt to a frenzy of initial public offerings came at just the wrong time for underwriters Everbright Securities Co., Guotai Junan Securities Co. and China Merchants Securities Co.

The trio are the firms with the largest number of IPOs in limbo -- approved by regulators but yet to be completed -- after the government imposed an indefinite suspension this month, data compiled by Bloomberg show. Each has three on hold.