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S. Korea’s KRX lists second most number of firms in the world last year

Collected: 2016.04.20

Distributed: 2016.04.21

Source: Go Direct

Korea Exchange (KRX), South Korea’s stock exchange operator, has debuted total 159 firms on the country’s bourses last year, becoming the second most active initial public offering (IPO) market in the world, according to the World Federation of Exchanges (WFE) Tuesday.

The trade association of 64 regulated exchanges across the world said the KRX listed total 159 firms last year, following U.S. tech-heavy Nasdaq composite where 199 firms were newly listed.

China’s Shenzen Stock Exchange (SZSE) came in third by recruiting 130 firms, followed by Hong Kong Exchanges and Clearing Ltd. (HKEx) with 124 IPOs and London Stock Exchange (LSE) with 120 IPOs.

The number of IPOs increased significantly last year following the Korean government’s loosening of regulations on IPOs of small -and medium-sized enterprises in a bid to bolster the nation’s economy.

Yang Gi-in, chief at research center of Shinhan Financial Investment Corp., said that in the era when leveraging is no longer a silver bullet to the growth of companies, the government’s measures to stimulate the equity market to prop up the economy are timely.

The KRX’s turnover ratio last year (the share of full-year stock transactions against the total number of listed stocks) came in fifth in the WFE’s ranking, recording 121 percent following exchanges in Shezen (559 percent), Shanghai (295 percent), Taipei (258 percent) and Istanbul (212 percent).

By Yong Hwan-jin

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