SHANGHAI (China Daily/ANN): Shanghai's STAR Market is gradually becoming the first choice for Chinese tech firms' initial public offerings, thanks to its friendly listing requirements and efficient review process, experts said on Tuesday (Nov 3).
The STAR Market, the first A-share submarket that piloted the registration-based initial public offering system, saw 113 IPOs, with $27.5 billion total amount raised in the first three quarters of the year, both highest among all major stock markets across the world, according to the Shanghai Stock Exchange.