Chinese brokers cashed in 7.26 billion yuan from initial public offering (IPO) underwriting in the first half of this year, 36.54 percent higher than the industry's full-year income from the sector last year, the Securities Times reported Monday.
A total of 172 companies went public in the first half of 2010, with 45 brokers as their underwriters, according to statistics from Wind Info, an integrated service provider of financial data and software.
As for the full year of 2009, 111 companies raised 202.20 billion yuan from initial public offerings, which rendered underwriters 5.32 billion yuan in total, the paper said.
The paper also estimated that brokers' commission in the first half would amount to 59.4 billion yuan, almost the same as the 60 billion yuan they collected in the same period of last year.
