Thanks to China's growing strength in a number of areas, Wall Street has favored Chinese start-ups this year.
The number of Chinese companies listed in the US in the first three quarters of the year has been 23, raising more than $7 billion, far exceeding US companies, according to Foreign-funded Agencies. China's IPO in the US raised $7.3 billion as of August 25, up 490.6% from a year earlier, the same period since 2014 (us $28.7 billion), According to Thomson Reuters Statistics.
Among them, China raised $4.9 billion on the Nasdaq IPO and raised $2.4 billion on the New York stock Exchange.
A study by Renaissance capital, a foreign agency research firm, found that 23 Chinese companies were listed in the US in the first three quarters of the year, the largest number of IPOs in China in 8 years. Jim Cogny, Head of the American capital markets division of BofA Merrill lynch, said the surge in Chinese companies ' IPOs in the US this year has been easy to get higher prices in the US stock market compared with Europe and ASIA.
He says it is mainly about the investment climate in the stock market. From the perspective of Industry distribution, 23 listed companies in the United States involved in education and training, financial services, retail services, Internet finance, video services, manufacturing and other Industries. Among them, there are 4 educational and training classes, namely Suntech institutions, Elite education, Amber education, Park Education. The video service class has 3, respectively is Tiger tooth live, Bilibili and Iqiyi art. More is the E-commerce platform for Science and technology enterprises, the car belongs to the manufacturing industry.
On the whole, the Internet technology companies accounted for a relatively heavy. Judging by the amount of money raised, Iqiyi has created China's largest IPO in the United States on nasdaq, raising $2.4 Billion. It was followed by the nasdaq-listed patchwork, which raised $1.6 Billion.
In third place is the New York Stock Exchange listed on the auto co., ltd., raised funds of $1 Billion. As of August 25, China accounted for 35.5% of its market share in the global IPO market, raising $51 billion, with five issuers from China in the World's Top ten IPO deals, according to Thomson Reuters Statistics.
The US followed closely, accounting for 20.4% per cent of the market, raising $29.3 billion, up 24.9% from a year earlier. Bob Mccoy, Senior vice president of the Nasdaq-listed service, said he was bullish about the outlook for China's ipo, and he believes Chinese companies will recover strongly after a period of weakness in u.s.-listed share prices, which is expected to double this year.
An important factor behind the rally is a deep understanding of the value of the U.S. stock market by young Chinese entrepreneurs, McCoy Said.