Core Insights - As of December 18, 2025, a total of 83 Chinese companies have submitted IPO applications to the SEC, excluding SPACs and those with invalid or withdrawn filings [1][2] - Among the 88 companies awaiting IPO in the U.S., 11 have had their prospectuses become effective [3] Group 1: IPO Applications - 83 Chinese companies have filed for IPOs, with a significant number from Hong Kong, accounting for 53.41% of the total [1][3] - The peak period for Hong Kong companies submitting IPO applications began in late May, representing 43% of the total applications [3] Group 2: Regional Distribution - The companies are distributed across 15 regions in China, with Guangdong and Shanghai having the second-highest number of applications after Hong Kong [3] - Fujian and Zhejiang have 5 and 4 companies respectively that have submitted IPO applications [3] Group 3: Companies with Pending Filings - Five companies have completed the filing process for U.S. listings but have not yet made their prospectuses public [2]