News Snapshot:
Since January, there have been five IPOs of over $1 billion on the 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. The 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 to list, the Chinese mainland’s share of global IPO proceeds has more than tripled to 44 percent this year from 13 percent at the end...
