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2007 -- A Record Year for Chinese IPOs

发布时间:2018-11-09 09:50 作者:AG集&# 来源:AG 点击: 字号:



242 Chinese Enterprises Offer over 大发快3全天在线计划US$100.00B; 94 VC/PE-backed Debuts Raise over US$3.40B

BEIJING, Jan. 23 /Xinhua-PRNewswire/ -- Chinese enterprise IPOs raised over US$100.00B from overseas and domestic capital markets during 2007 making it a remarkable year.

Zero2IPO Research Center -- the research wing of Zero2IPO Group -- recently released the "Zero2IPO -- China Enterprises IPO Annual Report 2007." The report says that 242 Chinese enterprises offered US$104.83B on domestic and overseas markets. Specifically, 118 overseas shares raised US$39.74B. The domestic market outstripped overseas counterparts by attracting 124 enterprises with US$65.09B offer.

Among 242 debuts, VC/PE funds backed 40%. They raised US$34.05B accounting for 32.5% of the total. Specifically, 61 VC/PE-backed overseas IPOs raised US$14.95B, while 33 VC/PE-backed domestic IPOs raised US$19.10B.

Table 1: IPO Events and Offer Amount by Market

(Please click the link at the bottom of the release)

More Overseas Markets to Attract Chinese IPOs

In 2007, 118 Chinese enterprises offered US$39.74B on overseas markets including NASDAQ, NYSE, HKMB, HKGEM, SGX, SESDAQ, AIM, TSE and KOSDAQ. The average amount was US$336.82M.

Overseas IPO events increased by 11 ones every quarter and reached 118. The IPO events increased by 32 ones against 2006, and 37 ones against 2005.

Compared with 2006, the offer amount decreased by US$4.25B. If the two mega IPOs (BOC and ICBC offered US$27.25B accounting for 61.9% of the overseas total in 2006) are excluded, the offer amount increased year-on-year and reached 100.0% against US$20.49B in 2005.

The Chinese overseas IPOs and offer amount remained in an uptrend in 2007. All nine major overseas capital markets attracted qualified Chinese IPOs. Except HKMB, the offer amount on other eight markets grew year-on-year -- specifically NYSE and NASDAQ. The TSE, MOTHERS and KOSDAQ attracted Chinese debuts for the first time, expanding the financing venue for Chinese enterprises.

Table 2: Overseas IPO Events and Offer Amount by Market (from 2005 to 2007)

(Please click the link at the bottom of the release)

The Other Hi-tech industry had one less IPO year-on-year. Other sectors had more IPO events against 2006. In terms of offer amount, except the Services industry, the offer amount in other sectors increased. The Traditional sector remained the lead in IPO events and offer amount. The offer amount proportion in Broad IT, Other Hi-tech and Bio/healthcare grew steadily.

Table 3: IPO Events and Offer Amount by Industry in 2006 and 2007

(Please click the link at the bottom of the release)

Table 4: Top 10 Overseas IPOs by Offer Amount

(Please click the link at the bottom of the release)

Domestic Markets Outstripped Overseas Markets in IPO Events and Offer Amounts

In all, 124 domestic IPOs raised US$65.09B and averaged US$524.91M in 2007. The domestic split share structural reform and promulgation of Measures for the Administration of Initial Public Offering and Listing of Stocks contributed to the explosive IPO growth during 2007. Compared with overseas counterparts, the domestic markets attracted six more IPOs with US$25.35B more in offer amount.

Large-scale enterprises represented by PetroChina, China Shenhua Energy and CCB debuted on domestic markets uplifting the domestic offer amount. Among 124 domestic debuts, 14 raised a combined US$56.14B or 86.3% of the total, with each offering over US$1.00B. Compared with 2006, IPO events increased by 59 or 90.8%. IPO events offer amount increased by US$47.98B or 280.3%.

Table 5: Domestic IPO Events and Offer Amount by Market

(Please click the link at the bottom of the release)

Table 6: Domestic IPO Events and Offer Amount in 2006 and 2007

(Please click the link at the bottom of the release)

Except the Other Hi-tech sector, four other sectors had more IPO events with more offers year-on-year. The Traditional sector had 38 more IPOs and its offer amount increased by US$24.09B year-on-year. Twelve IPOs with US$23.11B raised occurred in the Services sector. The IPO events in Broad IT sector increased by 100.0% and the offer amount by US$676.94M. The Other Hi-tech sector had four less IPOs year-on-year, but its offer amount increased by US$50.43M. The Bio/healthcare sector had three more IPOs and its offer amount increased by US$44.88M.

Table 7: Domestic IPO Events and Offer Amount by Industry in 2006 and 2007

(Please click the link at the bottom of the release)

Table 8: Top 10 Domestic IPOs by Offer Amount

(Please click the link at the bottom of the release)

Exits via Domestic IPO Harvested Higher Returns for VC/PE Funds

2007 is a record year for Chinese entrepreneurs. The VC/PE-backed debuts showed a dizzy growth on both domestic and overseas markets. The 94 VC/PE-backed listings raised US$34.05B accounting for 32.5% of the total.

There were 61 overseas IPO events, which reached new heights after 2004. They increased by 40, 42 and 32 ones against 2004, 2005 and 2006. The 61 listings offered only US$14.95B, less than one-half against 2006. This was due to a large number of smaller-sized privately owned overseas IPOs.

Exits via domestic IPOs outstripped overseas IPOs this year. Why?

1. The improvement of domestic capital market provides a convenient

platform for VC/PE funds to exit investments.

2. The active domestic market provides a higher investment return for

VC/PE funds.

In 2007, 33 VC/PE-backed domestic IPOs -- over three times that of 2006 -- raised US$19.10B -- 6,288.5% increase year-on-year and outstripping US$4.15B offered on overseas markets. This marks Chinese capital market improvement, and the sound investment return that VC/PE funds achieved in recent years.

Table 9: IPO Events and Offer Amount of VC/PE-backed IPOs

(Please click the link at the bottom of the release)

Table 10: IPO Events and Offer Amount of VC/PE-backed IPOs from 2004 to 2007

(Please click the link at the bottom of the release)

Table 11: Domestic IPO Events and Offer Amount of VC/PE-backed IPOs

(Please click the link at the bottom of the release)

Table 12: List of Top 10 VC/PE-backed IPOs by Offer Amount

(Please click the link at the bottom of the release)

For more information please click:

http://www.zero2ipo.com.hk/china_this_week/detail.asp?id=5748

About Zero2IPO Group

Founded in 1999, Zero2IPO is a leading integrated service provider in the China venture capital and private equity industry. Over the past seven years, Zero2IPO has become an unbeatable dealflow and networking source in China.

Zero2IPO's mission is to be the preferred service provider to businesses in the venture capital and private equity industry by offering an unparalleled knowledge and expertise to their clients and partners. To ensure this, Zero2IPO provides a broad and deep array of services enabling entrepreneurs and investors to reach the next level of success.

Financial Advisory Services: Financial Advisory Services (FAS) represents China startups seeking venture capital or private equity funding. Through its extensive network of investors worldwide, FAS channels over US$200M to startups each year. These startups are distributed across a broad spectrum of industries, including biotechnology, health care services, telecommunications, media, education, Internet and e-commerce.

Financial Information Services: Financial Information Services (FIS) releases annual, quarterly, and customized research reports covering China venture capital, private equity, M&A, and IPOs. Also known as the Zero2IPO Research Center, FIS is viewed as the most trustworthy information source in the industry. FIS reports are used by investors, LPs, investment banks, auditing firms, law firms and entrepreneurs worldwide. Each year, FIS publishes the China venture capital ranking results which are widely accepted and quoted among these professionals.

Media & Network Services: Media & Network Services (MNS) strives to provide a networking platform for entrepreneurs and investors. Since 2001, MNS has organized more than twenty China Venture Capital & Private Equity Forums and over sixty Z-club activities. Each year, over 5000 participants attend these conferences and club events held in Beijing, Shanghai, Tokyo, London, and Silicon Valley. Together, the China Venture Capital & Private Equity Forums and Z-Club events constitute the largest networking platform for investors and entrepreneurs in China.

Zero2IPO Capital: Formed in late 2006, Zero2IPO Capital is a venture capital arm of the Group targeted at high-potential, high-growth China enterprises. Leveraging Zero2IPO's vast network in China, Zero2IPO Capital does not compete with other venture funds, but rather pursues a two-prong investment strategy, i.e. to co-invest with active venture capital firms in growth and late stage companies and to lead or co-lead in early stage startups in China.

Zero2IPO Group is headquartered in Beijing with offices in Shanghai, Hong Kong, and Silicon Valley.

About Zero2IPO Research Center

Founded in November 2001, Zero2IPO Research Center provides the cream of business research reports and custom researches for professionals in the Greater China Region. Our research ranges from Venture Capital, Private Equity, IPO, M&A to TMT industries. Zero2IPO Research Center stands tall as the most prestigious research institute in Chinese VC and PE spheres.

Note about Citation

For any quotation, please note it is quoted from "Zero2IPO -- China VentureDatabase" and send two copies of your newspaper or email link to:

Aileen Huang

Suite 1203, Tower A, Eagle Plaza, No. 26,

Xiaoyun Road, Chaoyang District, Beijing, 100016, China

Tel: +86-10-8458-0476 x8037

Email: aileenhuang@zero2ipo.com.cn

本文源自: 环亚娱乐

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