Big-cap stocks were under pressure as pressure as 20 initial public offerings (IPOs) scheduled to launch this week that could lock-up nearly 3 trillion yuan worth of subscription capital, as regulators move to accelerate IPO approvals. Tuesday will be the busiest day of the week for IPOs, with 12 companies starting to take subscriptions. That means some investors need to sell existing shares for cash to participate in IPO subscriptions.
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