China Inc.’s IPO Haul From the U.S. and at Home Tops Records
- Chinese companies account for 37% of IPOs worldwide this year
- Loss of Ant IPO, U.S.-China tensions haven’t dampened party
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China Inc raised money at home and overseas in initial public offerings like never before, buoyed by the country’s early emergence from the pandemic.
Firms like the healthcare affiliate of e-commerce giant JD.com Inc. and gaming platform NetEase Inc listed in Hong Kong and helped boost initial public offerings and secondary listings from Chinese companies to a record $129 billion in 2020, according to data compiled by Bloomberg.