IPOs forecast to rise in 2013

Better economic figures, steady development to spur offerings

Small and medium-sized initial public offerings by Chinese companies will be popular in 2013 and overseas offerings will increase, according to reports.

This is despite the numbers, and financing, for Chinese companies that are going public both declining sharply this year.

By Tuesday, only 154 Chinese companies have held domestic IPOs this year, raising total financing of 103.4 billion yuan ($16.6 billion), a year-on-year drop of 60 percent.

IPO launches on the Chinese mainland in 2013 will benefit from improved macroeconomic figures in the past two months and a steady development goal set by the central government this month, a report by the research agency China Venture Group said on Tuesday.

Small and medium-sized IPOs will be more popular in the A-share market next year after some large-cap Chinese stocks, including China Communications Construction Co Ltd and China Shipbuilding Industry Co Ltd, met obstacles to completing financing as planned, the China Venture report said.

Influenced by weak global economic conditions in 2012 and US-listed Chinese companies being hit by short sellers, only two Chinese companies launched IPOs in the US market, achieving total financing of $153 million, a decline of 90 percent year-on-year, the report said.

It added that the online seller Vipshop Holdings Ltd and social platform company YY Inc achieved strong performances, showing that US investors still have confidence in Chinese companies.