SHANGHAI, Jan 17 (Reuters): The first firm to list in mainland China after a 14-month freeze on IPOs jumped 43.5 per cent in its debut, just shy of its daily limit, underscoring pent-up demand that bodes well for a raft of new issues to come.
But any hopes of lofty fund-raising targets have been dashed for now after China's stock market watchdog said this week it will police IPO pricing behaviour, concerned about a return to overpricing.
With the heightened supervision, at least eight companies have postponed their IPOs and many have sold shares at valuations much lower than their peers.
1st China firm to list since 2012 soars in debut on pent-up demand
FE Team | Published: January 18, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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