Article
| May 21, 2008
Limited to 300: Only Chinese Companies that Created Offshore Structures Before the New M&A Rules Can List Abroad, for Now
One of the highlights of 2007 in the German capital markets was the successful IPOs (IPOs) of ZhongDe Waste Technology and Asian Bamboo on the Prime Standard segment of the Frankfurt Stock Exchange. These were the first two IPOs of Chinese companies through a German holding company (referred to as indirect listings), on the Prime Standard segment of the Frankfurt Stock Exchange. Both of the IPOs experienced strong demand and were oversubscribed more than 13 times at the upper end of the price range. In the coming year, capital market specialists at Sal Oppenheim expect up to six IPOs of Chinese companies on the Prime Standard segment. The hard work of Deutsche Börse and several German investment banks appears to be bearing fruit.
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