More money may be raised through IPOs
05-01-2009
The accountancy firm, PricewaterhouseCoopers, is forecasting that fewer companies will list here this year but they'll raise more money. It says 35 companies - many from the mainland - will seek $70 billion this year. Last year, there were 49 initial public offerings - which raised $66 billion. A partner with the firm, Richard Sun, said he expected three to four of the offerings to be worth ten-billion dollars each.
