China’s IPO Market Seen Cooling as Beijing Targets Liquidity
- Monthly number of listing applications has been declining
- Securities regulator pledged to ‘normalize’ domestic IPOs
This article is for subscribers only.
China’s domestic market for initial public offerings, the world’s busiest since last year, is showing signs of cooling as Beijing seeks to slow offerings to boost liquidity.
Only one listing application was filed in July compared with three for the same month last year, according to a report this week by the Shanghai Securities News. While typically a quiet month for such applications, the slowdown follows a recent meeting by China securities regulator which pledged to maintain equilibrium in IPO and refinancing activities.