IPOs Not Seen from SZSE, SHSE for 5 Weeks
SHANGHAI, Nov 26, 2012 (SinoCast Daily Business Beat via COMTEX) --
The Shenzhen Stock Exchange (SZSE) and the Shanghai Stock Exchange have not arranged IPOs for five consecutive weeks since Zhejiang Shibao Company Limited (SZSE: 002703, SEHK: 1057) launched IPO on October 26.
This means that November may become the only month with no IPO launched since three and a half years ago, because this week (November 26-December 2) will be the last trading week in November.
Noticeably, after the China Securities Regulatory Commission (CSRC) disclosed a new policy for IPO in 2009, Guilin Sanjin Pharmaceutical Co., Ltd. (SZSE: 002275) became the first and only company successfully launching IPO in June of the year. Before the company restarted IPO, IPOs had been suspended for nine months. After that, the number of enterprises launching IPO had been increasing and reached the highest point of 36 in May 2010. Even in July 2012, there were still 20 companies successfully launching IPOs. However, enterprises applying for or launching IPOs began to decrease with the suspension the IPO examines later on. In October 2012, only Zhejiang Shibao launched IPO, but the capital it actually financed shrank by 90%.
Eleven enterprises had enrolled for IPOs by November 22, 2012, including three ones in the SHSE, three ones in the SZSE and five ones in the ChiNext. By now, a total of 808 enterprises have filed applications for IPOs, including 155 ones intending to launch IPOs in the SHSE, 338 ones in the SZSE main board and the SME (small and medium enterprise) Board and 315 ones in the ChiNext. Deducting 21 enterprises whose investigations have been canceled, there are 787 enterprises waiting for examines to launch IPOs.
Source: www.nf.nfdaily.cn (November 26, 2012)
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