China to dominate IPOs in 2010, say analysts

NEW YORK: Industry analysts say they are confident that China, among other emerging nations, will continue being the star of initial public offerings (IPOs) in 2010, and the US capital market would still be its first choice.

"I'm optimistic that the trend (that Chinese companies raise more IPOs than others) will rise," said David Y. Wong, managing director of investment banking at Newbridge Securities Corporation, at a panel discussion held on Jan 14 jointly by China Institute, Chinese Business Lawyers Association and Skadden, Arps, Slate, Meagher & Flom LLP (SASMF).

Wong says he's seen quite a bit of listed activities from Chinese companies in the US capital market since the New Year and is sure that the entire number of transactions will be "more than last year".