A total of ten companies have completed IPOs on China’s domestic bourses since the Chinese securities regulator approved IPOs again on June 18 after a four-months hiatus, public records show.
Tow of the companies, Wuxi Xuelang Environmental Technology Co. Ltd. and Feitian Technologies Co. Ltd., are backed by domestic Chinese venture and private equity investors.
Wuxi Xuelang is backed by Boxin Capital and Jiangsu Jolmo Venture Capital.
Feitian is backed by Chinese private equity firm JD Capital, which focuses on pre-IPO deals.
The China Securities Regulatory Commission said last month that it plans to approve around 100 IPOs until the end of 2014, only a fraction of those 600 companies currently on the waiting list.