Foxconn Industrial Internet Co Ltd was a big winner in China's A-share market last year, with its initial public offering breaking several records, including getting the quickest approval from China's securities watchdog and raising the most funds among IPOs over three years.
Shenzhen Mindray Bio-Medical Electronics Co Ltd also set a new IPO record on ChiNext, China's NASDAQ-style board of growth enterprises, with total fundraising of 5.93 billion yuan ($875.78 million), though the number of companies going through the China Securities Regulatory Commission in 2018 dipped 76 percent to 105, and the total amount raised in IPOs also slumped 40 percent.
According to the list released by the Suning Institute of Finance, four of the top 10 IPOs were from the financial sector. The top 10 IPOs were:
No 10 Bank of Zhengzhou Co Ltd
Fundraising: 2.75 billion yuan
The logo of Bank of Zhengzhou is seen on a screenshot on Sept 19, 2018. [Photo/IC]
No 9 Red Star Macalline Group Corporation Ltd
Fundraising: 3.22 billion yuan
The Logo of Red Star Macalline Group Corporation Ltd is seen in this picture [Photo/IC]
No 8 Hebei Yangyuan Zhihui Beverage Co Ltd
Fundraising: 3.39 billion yuan
Drink products from Hebei Yangyuan Zhihui Beverage Co Ltd are seen in this picture on March 19, 2018. [Photo/IC]
No 7 Avary Holding (Shenzhen) Co Ltd
Fundraising: 3.71 billion yuan
A screenshot of the Avary Holding (Shenzhen) Co Ltd website is seen on Feb 18, 2019. [Photo/ avaryholding.com]
No 6 Jiangsu Financial Leasing Co Ltd
Fundraising: 4 billion yuan
A screenshot of the website of Jiangsu Financial Leasing Co Ltd on Feb 18, 2019. [Photo/jsleasing.cn]
No 5 Huaxi Securities Co Ltd
Fundraising: 4.97 billion yuan
A person walks past a desk at Huaxi Securities Co Ltd in Shanghai on Dec 12, 2018. [Photo/IC]
No 4 Contemporary Amperex Technology Co Ltd
Fundraising: 5.46 billion yuan
People visit the Contemporary Amperex Technology Ltd booth during an exhibition in Shanghai on May 10, 2018. [Photo/IC]
No 3 Shenzhen Mindray Bio-Medical Electronics Co Ltd
Fundraising: 5.93 billion yuan
The headquarters of Mindray in Shenzhen, South China's Guangdong province. [Photo/IC]
No 2 The People's Insurance Company (Group) Of China Limited
Fundraising: 6.01 billion yuan
Logo of the People's Insurance Company (Group) Of China Limited is seen in Guangzhou on Jan 27, 2019. [Photo/IC]
