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Military版 - 【Economist】Initial public offerings
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http://www.economist.com/node/21542212
Initial public offerings
Dec 31st 2011 | from the print edition
DESPITE a strong start, the number of initial public offerings (IPOs) fell
by more than two-fifths in 2011 from 2010. Almost as many deals were
withdrawn or postponed as during the height of the global financial crisis
in 2008. Worries about many countries’ financial health soured investor
confidence.
Hong Kong’s exchange was the most popular for IPOs for the third year
running. Some 17% of the $167 billion of new shares issued in 2011 were
listed there. Mainland China’s two big exchanges floated more than 20% of
the global total between them. Of the 1,275 IPOs this year, the largest deal
, at $10 billion, was issued in London and Hong Kong by Glencore, a Swiss
commodities trader.
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