China Tech Headed for Record Year for IPOs Despite Pandemic

The head of China Renaissance Group, one of China’s most influential investment banking and private equity firms, said he expects 2020 to be a record-breaking year for Chinese tech initial public offerings.

“Right now the IPO market is sizzling hot,” said China Renaissance CEO Fan Bao, at The Information’s video summit on the state of China tech investing. “There are a lot of deals in the pipeline,” Bao said.