Among 242 debuts, VC/PE funds backed 40%. They raised US$34.05B accounting for 32.5% of the total. Specifically, 61 VC/PE-backed overseas IPOs raised US$14.95B, while 33 VC/PE-backed domestic IPOs raised US$19.10B.
In 2007, 118 Chinese enterprises offered US$39.74B on overseas markets including NASDAQ, NYSE, HKMB, HKGEM, SGX, SESDAQ, AIM, TSE and KOSDAQ. The average amount was US$336.82M. Overseas IPO events increased by 11 ones every quarter and reached 118. The IPO events increased by 32 ones against 2006, and 37 ones against 2005.
Compared with 2006, the offer amount decreased by US$4.25B. If the two mega IPOs (BOC and ICBC offered US$27.25B accounting for 61.9% of the overseas total in 2006) are excluded, the offer amount increased year-on-year and reached 100.0% against US$20.49B in 2005. The Chinese overseas IPOs and offer amount remained in an uptrend in 2007. All nine major overseas capital markets attracted qualified Chinese IPOs. Except HKMB, the offer amount on other eight markets grew year-on-year -- specifically NYSE and NASDAQ. The TSE, MOTHERS and KOSDAQ attracted Chinese debuts for the first time, expanding the financing venue for Chinese enterprises.
The Other Hi-tech industry had one less IPO year-on-year. Other sectors had more IPO events against 2006. In terms of offer amount, except the Services industry, the offer amount in other sectors increased. The Traditional sector remained the lead in IPO events and offer amount. The offer amount proportion in Broad IT, Other Hi-tech and Bio/healthcare grew steadily.
There were 61 overseas IPO events, which reached new heights after 2004. They increased by 40, 42 and 32 ones against 2004, 2005 and 2006. The 61 listings offered only US$14.95B, less than one-half against 2006. This was due to a large number of smaller-sized privately owned overseas IPOs.
