Chinese New Year will be a great and happy one for 12 lucky individuals who have just stepped into the billionaire threshold, thanks to China's new initial public offerings (IPO).

In just the first six weeks of 2015, the world's largest economy made about a dozen billionaires.

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Most of these new billionaires are riding high on the public support of their IPOs, with investors driving up the daily price-trading limits. The situation is reminiscent of the IPO boom in the 1990 market.

Included in the list of the newly rich are an airline company, a video game developer, and a drug store chain.

Ronald Wan, chief China adviser at Asian Capital Holdings Ltd., said that IPOs have suddenly transformed into a hot investment commodity in China. Due to this, the controlling shareholders of the IPO become rich afterwards.

IPOs were at a standstill since October 2012. It took 14 months to get them rolling again, when they resumed in China last year.

Coming into January of 2015, a total of 20 new tradeable stocks were made available in the market. This was the most number of emerging stocks since a year earlier.

The Shanghai Composite Index, the world's best-performing index in 2014, said that the offering followed a 49 per cent rise.

In contrast, the Shenzhen Composite Index, the smaller of China's two stock exchanges, increased by 13 per cent in terms of U.S. dollars. This was Asia's highest return and is trailing Russia and Saudi Arabia globally.

Shenzhen has produced at least three new billionaires.

Chief among them are Xiao Fen, owner of the Shenzhen Fenda Technology Co., and is now moving toward making something similar to Google Glass.

Ruan Hongxian is the chairman of Yunnan Hongxiang Yixintang Pharmaceutical Co., which is China's third biggest publicly traded drug-store chains.

Finally, Zhou Wei is chairman of a medical software developer Shanghai Winning Software Co.

TagsIPO, billionaires