IPOs forecast to rise in 2013(2)

More Chinese companies can be encouraged and the number of IPOs in 2013 in the United States will increase, the report said.

Vipshop Holdings shares closed on Tuesday at $17.90, an increase of 175.4 percent compared with the offering price, while YY Inc closed at $14.29, an increase of 36 percent.

The European market has also become more attractive for Chinese companies to list. Nine have gone public in Germany and Britain this year.

A report by the Zero2IPO Research Centre on Tuesday said 42 companies in the Chinese mainland market saw their prices fall on the first day of their IPOs because the A-share market remained weak and investors were more rational about the price/earnings ratios of new shares.

The largest mainland IPO this year, that of China Communications Construction Co Ltd, raised $794.9 million, compared to $2.1 billion for the largest deal last year, the report said.

Some 837 Chinese companies were waiting for their IPOs to be examined and approved by Friday.

With the supply of A-share stocks limited, prices in the mainland market are usually higher than in Hong Kong's H-share market. But price differences between the two markets will be smaller in the long term, said Jing Xiaoda, a senior analyst at Essence Securities, speaking at the Beijing International Finance Expo this month.