Initial public offerings (IPOs) on mainland China's exchanges have climbed to USD57.8bn so far in 2022, the largest ever for such a period. Data showed that there have been five IPOs of above USD1bn since January this year, and one more is on the way. With companies rushing to list, China’s share in global IPO proceeds has more than tripled to 44% this year from 13% at the end of 2021. Better performance of newly traded stocks has also been a draw for listing hopefuls. Shares of mainland IPOs are up by an average 43% this year over their listing price, versus the 13% drop seen in Hong Kong.
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