The latest statistics from Shenzhen Stock Exchange has revealed that Grandall, King & Wood and AllBright are the leading legal advisors for IPOs on Shenzhen's small and medium-sized enterprise (SME) board.

By February 2009, the total number of IPOs on the SME board was 274. Grandall is ranked as the dominant adviser, having advised on 28 of the IPOs, 10% of the market share. Grandall is followed by King & Wood and AllBright, that have advised on 15 and 14 IPOs respectively.

Grandall predicts that technology-driven companies will be under the spotlight on the SME board in 2009. "Among SMEs seeking public listing, innovation-oriented enterprises' demand for capital will attract more attention and receive more support," said Charles Guan, managing partner of Grandall Shanghai office.

"Sponsoring agencies will actively participate in building a better fund raising environment for SMEs. They will utilise various types of innovative financing resources to facilitate SMEs' financial needs," Guan added.