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China IPOs: 2008 Forecast

Posted January 1, 2008

“The trend of Chinese companies going public on their native exchanges that we started to see developing in 2007 will continue in 2008. More and more, Chinese companies are bypassing the American exchanges in favor of Hong Kong – a worrying trend for the NYSE and Nasdaq…” — Erin Beale

by Erin Beale (from the TFN financial video 60-Second Buzz filmed earlier this month).

Baltimore — (TFN): It’s that time of year when the market starts to become awash in predictions for the next year. One trend that will likely continue in 2008 is the growing number of Chinese companies going public on U.S. exchanges.

2007 saw nearly 30 Chinese IPOs in America – that’s five times more than we saw in 2006. And the momentum looks to remain strong in 2008.
But we’re also likely to see many more Chinese companies IPO on their native exchanges, as well. This year China set the worldwide record in IPO capital raised, with nearly $53 billion in 209 listings.

And according to Ernst & Young, despite ongoing market uncertainty, the pipeline of IPO-ready companies looking to list in 2008 looks healthy, especially across the emerging markets.

You can count on China’s IPO pipeline looking among the healthiest.

No time to read? Watch the financial video…

The trend of Chinese companies going public on their native exchanges that we started to see developing in 2007 will continue in 2008. More and more Chinese companies are bypassing the American exchanges in favor of Hong Kong – a worrying trend for the NYSE and Nasdaq, which have already missed out on several multibillion-dollar China IPOs this year.

Why? This trend is largely due to the strict restrictions associated with the U.S. Sarbanes-Oxley Act.

Some Hong Kong IPOs to watch for in 2008 include real estate firm Star River, SAIC Motor Corp and casino operator, Galaxy Waldo.

As you know, IPOs are a great way to make a lot of money fast. If you’re lucky enough to get shares of stock before the launch date, you could double or even triple your money in a matter of weeks.

Taipan has been tracking – and profiting from – Chinese IPOs all year and will continue to do so in 2008.

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