NEW YORK, Feb. 4 -- China has been a major market for the New York Stock Exchange (NYSE) when it comes to international initial public offerings (IPOs) over the past few years, and the trend will continue in 2019, according to the exchange.
The wholly-owned subsidiary of Intercontinental Exchange finished 2018 with 125 billion U.S. dollars in proceeds raised from 356 transactions. In a year marked by elevated volatility in U.S. equity markets, NYSE issuers raised 30 billion dollars in proceeds from 73 IPOs, statistics showed.
A total of 25 international IPOs were executed during the year, raising 10 billion dollars in proceeds, including Tencent Music Entertainment Group from China, PagSeguro Digital Ltd. from Brazil, and Hudson Ltd. and Farfetch Ltd. from Britain.
A total of 18 Chinese companies raised more than 4 billion dollars in proceeds last year, the exchange said in its response to Xinhua's inquiry. The companies are from a variety of industries, including education, hospitality, technology, and automotive.
Alex Ibrahim, head of international capital markets at NYSE, told Xinhua that it was a "huge highlight" to have companies like Tencent Music Entertainment listing on the exchange and raising over 1 billion dollars.
The IPO of Nio, a leading Chinese electric vehicle maker, also raised more than 1 billion dollars and was a very successful transaction, he noted. "It was super exciting to see those cars in front of the exchange and in Times Square," Ibrahim said in an exclusive interview with Xinhua.
【国内英语资讯:China to remain NYSEs major contributor of intl IPOs in 2019】相关文章:
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