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Asian IPOs So Far This Year Were All About Mainland China Deals

  • Amount raised in mainland China rose to record versus region
  • Syngenta is planning a $9.7 billion share sale by year-end
Anniversary of Hong Kong's National Security Law Coming Into Effect
Photographer: Lam Yik/Bloomberg

Proceeds from equity listings in mainland China climbed to a record share within Asia Pacific in the first half of the year, bucking a slump that’s been the dominant trend across traditional venues worldwide. 

The amount raised through first-time share sales in Shanghai, Shenzhen and in the recently-created Beijing Stock Exchange accounted for nearly two-thirds of all deals in the region since January, Bloomberg data show. The $38 billion tally marks an increase of 9.5% versus the same period last year, contrasting with a 91% slump for Hong Kong and a 27% drop for Asia Pacific.