Chinese TMT IPO proceeds triples to $264.9b in 2018

China Tower Corp, Xiaomi Corp and Meituan Dianping had the largest IPOs in H2 2018.

Total proceeds of Chinese Technology, Media and Telecommunications (TMT) IPOs tripled from 2017 to hit about $264.9b (RMB 225.9b) in 2018, according to a report by PwC China.

In the second half of 2018, the number of Chinese TMT IPOs rose significantly to 40, with combined proceeds amounting to $197.1b (RMB 168.1 billion). China Tower Corp, Xiaomi Corp and Meituan Dianping completed the three largest Chinese TMT IPOs in terms of proceeds during this period.

“Since many TMT unicorns went public in Hong Kong and overseas in 2018, the total proceeds of IPOs raised by Chinese TMT companies soared. Hong Kong became one of the world’s hottest IPO markets in 2018,” PwC Global’s mainland China & Hong Kong TMT leader Wilson Chow said.

Furthermore, 31 Chinese TMT companies chose to list in Hong Kong or overseas, with their proceeds accounting for 94% of the total.

Amongst all 40 Chinese TMT IPOs, 14 were in the hardware and equipment sector, accounting for 35% of the total during the second half of 2018. The software and service sector featured 26 IPOs, accounting for 65% of the total.

“The setup of the science and technology innovation board in 2019 will create a new financing platform for Chinese sci-tech innovation firms. The sci-tech innovation board will also become the ‘test field’ for innovation in the Chinese capital market, and will play as an important role model for capital market reforms,” said Jianbin Gao, TMT leader of PwC China.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia