The A-share market is getting ready for its first batch of initial public offerings since the securities regulator issued new rules in November.
According to two domestic banking sources, the 83 companies that have passed the regulatory review and are waiting in line are required by China Securities Regulatory Commission to confirm by Friday, December 20, as to whether they will launch their IPOs in January.
The regulator has said previously that around 50 companies could list by the end of the month. However, the exact number of issuers that plan to tap the market will only be known after the issuers confirm today.
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