China IPOs slow as strict ‘broker butcher’ rules kick in

HONG KONG — A slowdown in China’s initial public offering market is expected to persist through the year, forecasts show, as tighter regulations kick in.

Total fundraising from Chinese IPOs had already plummeted 64% to 23.6 billion yuan ($3.63 billion) in the first quarter of 2024, versus 65.1 billion yuan a year earlier, according to Deloitte. The number of IPOs also fell to 30, from 68.