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Shanghai Stock Exchange is 2022’s Leading IPO Venue – SCMP

The exchange has leapt past the Nasdaq and NYSE thanks to new offerings from China Mobile and CNOOC after they were delisted in the US

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China Mobile shares
People chat at a China Mobile booth at the China Internet Conference in Beijing last year. Photo: Reuters

 

Shanghai’s stock exchange has been the world’s top performing IPO venue so far this year, eclipsing Hong Kong, the NYSE and Nasdaq, after being boosted by mega offerings from the likes of China Mobile, the South China Morning Post has reported.

The exchange has been lifted by new listings from major mainland Chinese firms that have been delisted in the United States, the report explained, and a total of 68 flotations worth $32.4 billion have been dealt with – up 49 per cent on more than a year ago when the bourse ranked fourth in the world.

Full report: The South China Morning Post

 

Read more:

China Evergrande Handed Delisting Deadline by HK Exchange

China Mobile Closes Higher After Biggest IPO in a Decade

CNOOC Shares Suspended After Hitting Upper Limit on Debut

 

 

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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