Shanghai tops New York as IPO leader

April 12, 2015

 

Shanghai has edged out New York to become the global leader for new company listings during the first quarter after raising 33.4 billion yuan ($5.4 billion). A report from accountants Deloitte Touche Tohmatsu Ltd on Friday showed that the Shanghai Stock Exchange surpassed rivals New York and Hong Kong for the first time when it came…

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