Everbright Securities may trigger wave of new IPOs

Everbright Securities Co, Zunyi Titanium Co and Sichuan Expressway Co may be among the first companies to sell shares publicly as soon as the ban on initial public offerings (IPOs) is lifted.

Everbright Securities, China's 11th biggest brokerage by assets, Zunyi Titanium and Sichuan Expressway are working on final documents required for regulatory approval to list in Shanghai or Shenzhen, Bloomberg reported yesterday, citing unnamed close sources.

But the National Business Daily reported that Zunyi Titanium was virtually making no profit and its listing was likely to be delayed.