China’s securities regulator on Friday agreed to the initial public offering (IPO) applications for 15 companies.
The total capital raised will be no more than 11.2 billion yuan (1.64 billion U. S. dollars), the China Securities Regulatory Commission said in a statement.
Among the 15 companies, eight will be listed in Shanghai, three on Shenzhen’s small and medium enterprise board, and the rest on the NASDAQ-style ChiNext board in Shenzhen.
China resumed IPOs in November 2015 after they were frozen in July 2015 in an attempt to stabilize the market.
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(Via: NewsGhana)
