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Jul 07, 2022 04:07 AM
FINANCE


RECORD 274 COMPANIES APPLY FOR IPOS IN LAST WEEK OF JUNE

By Quan Yue and Denise Jia
In the first half of 2022, 88% of IPO applicants were approved in China.

A record number of companies are rushing to submit applications for initial
public offerings (IPOs) on China’s A-share market even as a rising number of
others are withdrawing flotation plans.

In the last week of June, 247 companies submitted IPO applications, the highest
weekly number on record. A total of 921 companies are in line to raise money by
selling shares on the Shanghai, Shenzhen and Beijing stock exchanges.

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