SHANGHAI : A growing number of listing applicants on the Beijing Stock Exchange are slashing the floor prices of their planned initial public offerings (IPOs), as the pandemic-hit companies seek to lure investors in a sluggish corner of China's reviving stock markets. The move by nearly a score of IPO hop
SHANGHAI : A growing number of listing applicants on the Beijing Stock Exchange are slashing the floor prices of their planned initial public offerings , as the pandemic-hit companies seek to lure investors in a sluggish corner of China's reviving stock markets.
Despite a recent share price rally in China on the back of post-pandemic recovery hopes, trading on the Beijing Stock Exchange remains depressed, forcing companies to be practical in their IPO fundraising plans. Other companies that reduced IPO price expectations include Shandong Inov Polyurethane Co, Xinganjiang Pharma and Sichuan Kezhi Civial Defense Equipment Co.
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