IPOs could raise US$46.87 billion in 2010: PwC

Initial public offerings issued on domestic stock markets will likely reach US$46.87 billion in 2010, according to a report released by PricewaterhouseCoopers (PwC) on Monday, state media reported. The report determined that 145 new listings may be possible in 2010, with the majority arriving on Shenzhen’s small and medium-sized enterprise board and the newly established ChiNext. According to the report, the dominant IPO sectors will be financial services, infrastructure, industrial products, consumer goods and retail. China’s stock market saw 97 IPOs in 2009 – despite a moratorium on listings that lasted into July – making it the world’s second-largest market for listings last year.