News Snapshot:
Initial public offerings on Chinese mainland exchanges have climbed to $57.8 billion so far this year, the largest-ever for such a period, data compiled by Bloomberg showed. Since January there have been five IPOs of above $1 billion on Chinese mainland, and one more is on its way. Meanwhile, there was just one such sale each in New York and Hong Kong, and none in London. Chinese mainland's IPO market has defied headwinds such as rising interest rates and fears of a US recession, which have brought major equity fundraising elsewhere to a virtual standstill, Bloomberg said. With companies rushing...
