The Star Market Overview 1Q 2020

Healthcare, Automotive, Technology Author: Ivan Platonov Apr 26, 2020 03:17 PM (GMT+8)

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Introduction

This is EqualOcean's second quarterly overview of the Shanghai exchange's tech board. Here, we adhere to the same structure as in the previous edition: the first chapter is heavily data-based, while the second part describes key regulatory shifts and other narratives that happened in China's financial market in the last quarter.

Highlights

After peaking in early March, the board dwindled, despite several new IPOs
The free float market cap of all the Star Market-listed firms on March 31 was CNY 212.57 billion, which is over 0.86% of A-share market – up from 0.57% on December 31, 2019
New public companies on the board raised CNY 29 billion in 24 IPOs in the first quarter of 2020 – nearly 47% and 37% of A-share market in terms of the number of listings and proceeds
Semiconductor stocks were up 14.5% – the cluster saw four new listings; CNY 7.66 billion was raised on IPO days by the new publicly traded chipmakers
Software developers added 17.91% to their market caps; five new stocks appeared – the cluster’s stocks made up one-fifth of the Star Market total value as of March 31