In Asia it seems that nothing lasts forever. While less than two years ago Chinese companies were rushing to de-list from the US in the face of fraud allegations and declining equity market valuations, today, US IPOs by PRC corporates are once again the talk of the town.
Figures from Dealogic reveal that the value of listings by Chinese companies on US stock exchanges so far this year currently stands at $676m. There were no listings in the same period last year, $72m in 2012 and $601m in 2011. China’s technology companies are leading the way, especially those dealing in e-commerce, social networking and mobile apps.
