The world’s biggest initial public offering market is not healthy

Companies have secured more than US$25bil (RM113.2bil) across over 100 deals in mainland China year-to-date. — Bloomberg

CHINA can claim victory over the United States in one area. It is now dominating the global initial public offering (IPO) market.

The number of US IPOs has plunged this year, as Wall Street grapples with a regional bank crisis and a debt ceiling standoff in Washington.