China IPO Pipeline - August 12
SHANGHAI, Aug 12 (Reuters) - China's IPO market slowed by a fifth in the first half of 2011 amid a lack of mega deals that hit the market the year before, with fundraisings dominated by small businesses.
The trend could change in coming months if companies such as New China Life, in which Swiss insurer Zurich Financial Services has a 15 percent stake, and Guangfa Bank, a Chinese lender part-owned by Citigroup , push ahead with their IPO plans to raise billions of dollars.
Following is a list of Chinese companies that have either announced or are reported to be planning a mainland IPO.
Company Deal size Listing destination target date Sinohydro Group $2.5 bln Shanghai 2011
Great Wall Motor $500 mln Shanghai 2011
China Communications Construction $3 biln Shanghai 2011
New China Life $4 bln Shanghai, Hong Kong 2011
Guangfa Bank $5-5 Shanghai, Hong Kong 2011
billion People.com.cn $120 mln Shanghai 2011
People's Insurance Company of China $5-6 Shanghai, Hong Kong 2011/2012 Group (PICC) billion
China Railway Materials Commercial $1.8 bln Shanghai, Hong Kong 2011 Corp Guangzhou Auto N/A Shanghai 2011
Spring Airlines N/A Shanghai 2012
Bank of Shanghai $2.8 bln Shanghai 2011
Taikang Life N/A Shanghai N/A
Jiangsu Jiangyin Rural Commercial $300 mln Shanghai 2011 Bank
Bank of Jiangsu $1.6 bln Shanghai N/A
Shanghai Automotive Industry Corp N/A Shanghai N/A (SAIC) Group
China Huarong Financial Leasing N/A Shanghai 2011/2012 FAW Group N/A N/A N/A
($1 = 6.394 yuan) (Compiled by Soo Ai Peng; Editing by Kazunori Takada)