China is expected to be among the top three markets for technology IPOs this year, and the nation's capital markets are likely to be among the hottest IPO markets worldwide over the year, a report released by PwC on Thursday showed.
According to the report, the number of Chinese technology, media and telecommunications (TMT) IPOs slid in the third quarter of 2015 before picking up again in the fourth, reflecting the suspension and subsequent resumption of A-share issues. In the second half of 2015, China reported 14 TMT IPOs, one-third of the total number recorded in the first half of 2015, garnering 15.5 billion yuan ($2.38 billion) in proceeds.
Over the same period, the main boards, the Shenzhen Growth Enterprise Market and overseas markets each accounted for 29 percent of TMT IPOs. The remaining 13 percent listed on the Shenzhen SME.
Among the listings, four were cross-border IPOs, with a value of 10.6 billion yuan, making up 69 percent of the overall amount raised in the period.
The second half of 2015 also saw fewer technology offerings globally.
Over the period there were 33 IPOs, garnering $14.9 billion in proceeds, according to PwC's Global Technology IPO Quarterly Review.
The figures reflect deals valued at or above $40 million.
And while the number of IPOs declined 69 percent from the second quarter to the third, the fourth quarter closed on a high note, with a 100 percent increase from the third-quarter figures.
