Rocketing to riches: China’s cash-hungry aerospace firms aim for IPOs
Bolstered by improved market sentiment, LandSpace and others seek funding in onshore markets to fuel growth
A recent surge of Chinese commercial aviation companies, either formulating or reviving listing plans, highlights the sector’s strong appetite for funding, according to analysts, as Beijing steps up support for innovation-driven businesses seeking to raise capital.
Just a day before, Jiangsu Yixin Aerospace Technology, a microsatellite communication systems maker, signed with Minsheng Securities, according to filings published on the CSRC website.
The pre-listing coaching process – overseen by the China Securities Regulatory Commission (CSRC), the primary regulatory body for the securities market – is a prerequisite for companies aiming to list on the country’s A-share market.
Conducted by investment banks, the training covers initial public offering (IPO) regulations, legal compliance and business due diligence.
Those moves indicated the companies’ intent to raise capital, but the timing and formal submission of IPO applications would ultimately depend on the regulatory climate, said Shen Meng, a director at Beijing-based investment firm Chanson & Co.