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INITIAL public offerings by technology companies in China are likely to recover this year due to the upcoming launch of a new board for strategic emerging industries, PricewaterhouseCoopers said.
“During the second half of 2015, the suspension of new listings led to fewer TMT (technology, media and telecommunications) IPOs than in the first half,” said Gao Jianbin, PwC China TMT leader. “IPO activity in 2016 is expected to improve” after the authorities lifted the suspension.
He added that an analysis of IPO applicants indicates the number of such IPOs is set to rank among the top three worldwide this year.
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