The China IPO market has collapsed (NYSEARCA:IPOS)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
0mins
Source: SeekingAlpha
Decline in IPOs: IPOs in mainland China have seen a significant decline, dropping by 85% year-over-year to CNY 48 billion in the first nine months of the year.
Expert Insight: Christopher Wood from Jefferies highlights that this ongoing collapse in IPO activity is a concerning trend for the market.
Analyst Views on IPOS
Wall Street analysts forecast IPOS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IPOS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 18.945
Low
Averages
High
Current: 18.945
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
