Xinhuanet.Com Plans $216M IPO In Shanghai

Chinese official media firm plans to raise RMB1.5 billion (US$216 million) in an A-share initial pubic offering. Its IPO application will be examined by the securities regulator this Wednesday. plans to issue 51.9 million new shares and list on the Shanghai Stock Exchange, with proceeds from the IPO earmarked to strengthen its mobile Internet infrastructure and operation improvements.

The Chinese official news agency initially appeared in the IPO waiting list in January 2013. But since then, the IPO market was suspended and reopened a couple of times, delaying and many other Chinese companies’ IPO plans. is a major online news platform organized by the Xinhua News Agency, as well as the operator of, the official website of China’s central government.

China Expert Network
Caishen.Co - Primary Data for China Secondary Investment and Stock Markets