Chinese IPO market financing amount down 71.1% in July

The business news comes from Star East Technology Ltd

Venture Capital research report The average rate of return on investment of VC / PE background enterprises IPO reached the lowest record ChinaVenture venture capital research report released yesterday showed that in July, the overall scale of China's IPO market eased substantially, the amount of financing is only 678 million U.S. dollars, the amount of financing close to the lowest level this year. July IPO a total of 11 enterprises, 54.2 percent lower than the Central; financing of 678 million yuan U.S. dollars, Central fell 71.1 percent. According to statistics, in July the number of enterprises in the IPO 7, Central fell 41.7 percent; IPO number of enterprises outside the four, Central fell 66.7 percent. One, VC / PE (venture capital / private equity investment) Background IPO lower than the number of enterprises Central 42.9%, lower than the financing of Central 31.8%. The average amount of IPO financing 95 million U.S. dollars, up 19.4 percent than the ring. It is worth noted that the average returning rate of investment in VC / PE background enterprises IPO broke the lowest record in July, was only 0.57 times, fell 78.6 percent. IPO average returning rate on investment dropped to the lowest after continuing volatility this year. China Venture research considered it is mainly due to the tighten second board marke which makes difficult for market to give a high price-earnings ratio to listed companies. And the investment companies overvalued the listed company which also caused a negative rate of return in July