Investor Presentaiton
A-share IPOs: sector analysis
2020: Top 5 sectors - by number of IPOs
Total number of IPOS = 383
■A-share (traditional market)
■New ChiNext Board
■STAR Market
45%
40%
35%
13%
30%
25%
6%
14%
20%
15%
4%
1%
10%
21%
8%
3%
1%
1%
5%
10%
1%
6%
1%
3%
3%
0%
Industrials
TMT
Healthcare /
Consumer
ENR
4%
Others
Life Sciences
Markets
Source: Wind and KPMG analysis
Industrials
Industrials continued to lead the market in terms of the number
of new listings, backed by a strong pipeline of 321
companies currently seeking a listing, of which half are
attributed to the ChiNext board. We expect the sector to remain a
major contributor to the total number of new listings in the
coming year.
'Industrial internet' remains a focal point as China continues to
strive for high-quality economic development over the long
run. This can be achieved through the integration of physical
equipment with big data, artificial intelligence and the Internet of
Things (IoT).
Among the 58 companies listed on the ChiNext board under the
registration-based system, 22 companies are from the industrials
sector, which raised a total of RMB 13.8 billion.
2019: Top 5 sectors - by number of IPOS
Total number of IPOS = 201
A-share (traditional market)
STAR Market
40%
35%
30%
10%
14%
25%
20%
15%
25%
10%
19%
1%
8%
5%
6%
6%
6%
0%
Industrials
TMT
2%
Healthcare/Life Consumer
Sciences
Markets
Financial
Services
Others
Note: All analysis is based on a combination of data as at 6 December 2020 and
KPMG estimates, unless otherwise stated. Excludes listings by introduction.
KPMG
3%
Source: Wind and KPMG analysis
Technology, Media & Telecoms
The TMT sector continued its lead in terms of funds raised and
placed second in the number of new listings. Three out of the top
10 companies are from the TMT sector and all of them were
listed on the advanced-technology and innovation-focused STAR
Market.
Buoyed by ongoing government support for science and
technology firms, we expect the sector to continue being a
driving force of the A-share market, with a significant number
of technology companies seeking to list through the STAR
Market and the new ChiNext board.
The need for digital transformation is even greater under
COVID-19, where connectivity plays a vital role in the evolution
of digital. Incredible opportunities are ahead for 5G and software
development companies, playing a key role in the global
economic recovery.
© 2020 KPMG, a Hong Kong partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited
("KPMG International"), a private English company limited by guarantee. All rights reserved.
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