China's STAR Market IPOs raise $102b in first 3 years — 40% of local A-share listings

China's STAR Market IPOs raise $102b in first 3 years — 40% of local A-share listings

A sign for STAR Market, China's new Nasdaq-style tech board, is seen before the listing ceremony of the first batch of companies at Shanghai Stock Exchange (SSE) in Shanghai, China July 22, 2019. REUTERS/Stringer

China’s tech-savvy STAR Market in Shanghai hosted 486 companies that raised a combined 730 billion yuan ($102 billion) through initial public offerings (IPOs) in its first three years.