It was the summer of the initial public offering for Chinese companies in 2014 as a total of 54 China-based firms launched IPOs between July and September, reports Shanghai Daily.

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That figure is more than five times the number of Chinese companies with IPOs during the same period last year, during which time only 10 companies went public, according to a report from market research consultant Zero2IPO Group.

The IPOs raised $29.8 billion in the third quarter of 2014, up from $1.93 billion raised during the same period a year ago, the report said. Of course much of that was attributed to the IPO of e-commerce company Alibaba (BABA), which brought in proceeds of $25 billion.

Assets raised by the Chinese companies' listings accounted for more than 54 percent of all IPO proceeds in the global markets, according to Zero2IPO.

Of the Chinese listings, 29 raised approximately $2.4 billion on domestic exchanges, while 25 companies listed overseas.

Venture capitalists and private equity funds ponied up more than $27 billion to back 27 IPOs. The average book return hit 11.58 times due to the strong showing by Alibaba's IPO, according to the report.

The report focused on IPOs on the Shanghai and Shenzhen stock markets, as well as new listings on 13 foreign bourses, including New York, London, Hong Kong, Singapore, Tokyo and Frankfurt.

Tagsinitial public offering, Zero2IPO, IPO, Alibaba IPO, investing, Overseas, stock markets