For a While, No More IPOs in China...
Filed in archive IPOs by Greg Cruey on October 11, 2008
China Briefing News and The Edge Daily both reported on Friday that the China Securities Regulatory Commission has stopped looking at IPO applications in an effort to boost stock prices.
The move is not unprecedented. China suspended IPOs for a full year in 2005-2006. The CSRC stopped reviewing applications back on September 16. We'll see how long it lasts this time. In the meantime, VCs and PEs can bite the bullet, I guess, and wait until later for exits...
Photo courtesy of iStockphoto, Tor Lindqvist
The move is not unprecedented. China suspended IPOs for a full year in 2005-2006. The CSRC stopped reviewing applications back on September 16. We'll see how long it lasts this time. In the meantime, VCs and PEs can bite the bullet, I guess, and wait until later for exits...
Photo courtesy of iStockphoto, Tor Lindqvist
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