China IPO Pipeline - Feb 22
SHANGHAI, Feb 22 (Reuters) - Chinese companies raised $41.5 billion via initial public
offerings on the Shanghai and Shenzhen exchanges in 2011, down 41 percent from 2010, according
to Thomson Reuters data.
The bearish stock market has forced a number of companies, including China Communications
Construction Co Ltd, to either postpone their offerings or downsize their deals.
Following is a list of key Chinese companies that have applied for IPOs on the mainland.
For a full list of companies that have applied for an IPO with the securities regulator,
click on: here and
here
Company Deal size Listing destination Target date
Jishi Media Co $311 mln Shanghai To list on Feb
23
China Communications Construction $794 mln Shanghai Awaiting
listing date
Shaanxi Coal Industry $2.7 bln Shanghai IPO application
has been
approved by
CSRC
Western Securities $160 mln N/A IPO application
has been
approved by
CSRC
People.com.cn $84 mln Shanghai IPO application
has been
approved by
CSRC
China Railway Materials Commercial $2.3 bln Shanghai 2012
Corp
Spring Airlines N/A Shanghai 2012
Bank of Shanghai $2.8 bln Shanghai N/A
Jiangsu Jiangyin Rural Commercial $300 mln Shanghai N/A
Bank
Bank of Jiangsu $1.6 bln Shanghai N/A
China National Building Material Co $2.3 bln Shanghai N/A
Ltd
China Postal Express & Logistics Co M/A N/A N/A
Grand Automotive Services Co Ltd N/A N/A N/A
Guangzhou R&F Properties Co Ltd N/A N/A N/A
Bank of Chongqing $790 mln Shanghai N/A
Bank of Zhangjiagang $790 mln Shanghai N/A
Rural Commercial Bank of As much as Shenzhen N/A
Zhangjiagang around
$480 mln
Following is a list of key companies that have been reported to be planning IPOs in Shanghai
or Shenzhen.
Guangfa Bank $5-6 bln Shanghai, Hong Kong N/A
People's Insurance Company of China $5-6 bln Shanghai, Hong Kong 2012
Group (PICC)
China National Nuclear Corp N/A N/A N/A
Shanghai Automotive Industry Corp N/A Shanghai N/A
(SAIC) Group
Taikang Life N/A Shanghai N/A
Guangzhou Auto N/A Shanghai N/A
Beijing-Shanghai High-Speed Railway $5 bln Shanghai, Hong Kong N/A
China Huarong Financial Leasing N/A Shanghai 2012
Beijing Capital International N/A N/A 2012
Airport
FAW Group N/A N/A N/A
Sinochem Corp Up to $5.5 Shanghai N/A
bln
Phoenix Metropolis Media Technology N/A Shenzhen N/A
Shenyin Wanguo Securities N/A N/A By 2013
Shandong Haili Chemical Industry Co $1 bln Shanghai N/A
Ltd
Xinhuanet.com $158 mln Shanghai N/A
($1 = 6.351 yuan)
(Compiled by Shanghai newsroom; Editing by Jacqueline Wong)
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