[T] China to Be World’s Largest IPO Market This year

From a new PWC study, China is set to be the world’s largest IPO market as of this year:

China may be the world’s biggest initial public offering market this year as companies are likely to raise 500 billion yuan ($74 billion) in Shanghai and Shenzhen, PricewaterhouseCoopers said in Shanghai today.

China will see 300 new listings in 2010, up from 99 last year, according to a statement from PwC. Two overseas companies and one red-chip firm, or company controlled by Chinese holders and listed abroad, will debut on Shanghai’s international board as early as the second half, said Frank Lyn, China markets leader for PwC, without naming the companies.

More here.

And in related news, emerging market M&A activity is rapidly gaining share on the U.S. and elsewhere.