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KEY STAT | Chinese companies raised record-breaking amount of money in global IPOs

Written by Julianna Wu Published on 

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The USD 129 billion raised in 2020 mark a historical high for Chinese companies.

Thanks to a strong post-pandemic rebound in the capital markets, Chinese companies have collected USD 129 billion through initial public offerings (IPOs) on exchanges around the globe in 2020, a record-high for firms with their major business in mainland China, said Bloomberg.

The amount corresponds to 37% of the total capital proceeds from share offerings globally this year, the highest percentage since 2009.

JD Health (HKEX: 6618), the online healthcare unit of e-commerce giant JD.com (NASDAQ:JD; HKEX: 9618), which celebrated its USD 3.5 billion Hong Kong debut in early December, accounts for the biggest Chinese IPO so far in 2020.

Read this: KEY STAT | China accounted for 8 of Asia’s 10 biggest VC deals in Q3 2020

This article is part of KrASIA’s “Key Stat” series, where KrASIA picks and presents the most significant figures of the day’s technology and business world.

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