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Chinese IT outsourcers turn to Wall Street

Patrick Thibodeau | Dec. 17, 2010
China-based companies responsible for one third of venture-backed IPOs

"[There is a] quality seal of approval and accomplishment that comes with going public," Gehsmann said.

Going public will also help the Chinese firms hire U.S. workers, because they can now offer compensation programs that include stock, he said. "It provides a competitive advantage."

PricewaterhouseCoopers issued its own report on IPOs that includes others companies, not just those venture-backed. It said 154 IPOs were completed this year, compared with 69 in 2009, and said the market has recovered from the "doldrums" of the last two years.

Gehsmann, whose firms works with companies that are preparing IPOs, said he was optimistic about the pace of IPO activity next year, based on what he sees in the pipeline.

 

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