A new billionaire created every week by world's hottest IPO market
The 118 companies that went public in Shanghai and Shenzhen this year raised about $20 billion through June
This is more than double the amount in the first half of 2019, data compiled by Bloomberg show
Zhong Shanshan, whose schooling was interrupted during China’s cultural revolution, worked in construction, as a reporter and in the bottled-water business. Today, he’s worth $17 billion after his drug company went public in April and the shares surged 26-fold.
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