Nine out of 10 initial public offerings launched in China since the beginning of last year are trading above their issue prices, adding to concerns a bubble is developing in its stock markets.
Nearly 60% of Chinese flotations of larger than $50m (€37bn) have more than doubled â and 22% have more than tripled â their value since floating, analysis by Financial News and data provider Thomson Financial shows. The 185 issues raised $67.1bn and are trading at an average of 127% more than their initial price.
