9 IPOs Approved
China’s securities regulator approved IPO applications from nine companies on October 20, which will raise up to 4 billion yuan ($605 million) in the A-share market.
Five companies will be listed on the Shanghai Stock Exchange, one on the Shenzhen small and medium enterprise board, and three on ChiNext, a NASDAQ-style board, according to China Securities Regulatory Commission (CSRC).
The firms and their underwriters will confirm dates and publish prospectuses following discussions with the exchanges.
Under the current IPO system,