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
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