43 companies make IPOs on A-share market

Forty-three Chinese companies made initial public offerings on the A-share market in January and the average return multiple of private equity and venture capital firms was 4.4 times, according to a report by ChinaVenture Group on Tuesday.

The financing amount of the companies listed on the A-share market last month totaled 27.2 billion yuan ($4.49 billion), led by Shaanxi Coal Industry Co Ltd with 4 billion yuan, according to the report.

It added that 35 listed companies were backed by private equity and venture capital firms. Seventy-three exits were made and the average return multiple of PE and VC was 4.4 times.

Manufacturing, IT, food and beverage sectors were the most popular by the number of IPOs.