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China Outshines US As Top IPO Venue

BY  Robert Cookson & Gregory Meyer
Companies raised $73 billlion from IPOs in Shanghai, Shenzhen and Hong Kong this year, according to Dealogic.

China has again outshone the US as the top venue for initial public offerings despite steep share price falls on the mainland and Hong Kong stock markets, highlighting the shift in global financial activity from west to east.

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