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Ten Chinese firms look to raise nearly $500 million through IPOs

Among the companies that filed their plans to the Shanghai and Shenzhen stock exchanges were BanBao and Topsun

China Market, Stocks

An investor looks at an electronic board showing stock information at a brokerage house in Beijing. (Photo: Reuters)

Reuters Shanghai

Ten Chinese firms on Monday applied for approval to raise over three billion yuan ($469.96 million) through mainland listings, as regulators restart initial public offerings (IPO) after a near five-month hiatus.

Among the companies that filed their plans to the Shanghai and Shenzhen stock exchanges were toy building block maker BanBao and outdoor power equipment firm Topsun.

China's securities regulator said last Friday that 10 companies had completed their IPO preparations. The government suspended stock market listings during the summer market rout.

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First Published: Nov 23 2015 | 7:51 AM IST

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