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a total of 83 Chinese companies have submitted IPO applications to the SEC, excluding SPACs and those with invalid or withdrawn filings [1][2] - Among the 88 companies awaiting IPO in the U.S., 11 have had their prospectuses become effective [3] Group 1: IPO Applications - 83 Chinese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]

Group 1: DCR Tech Group IPO - DCR Tech Group has increased its IPO size by 150%, now aiming to raise $25 million by issuing 5 million shares at a price range of $4 to $6 per share [2] - The adjusted financing amount will elevate the company's market capitalization to $225 million [2] - The company provides visual effects production services across various sectors, including film, OTT video, gaming, and digital cultural tourism, and has served approximately 48 clients since its establishment in 2021 [2] Group 2: Hengguang Holdings IPO - Hengguang Holdings plans to issue 6.3 million shares at a price of $4 per share, aiming to raise $25 million, which will result in a market capitalization of $79 million [5] - The company initially filed for an IPO in January 2022, with a previous plan to issue 2.8 million shares for $11 million [5] - Hengguang Holdings distributes various insurance products, including property and life health insurance, and operates 45 branches in China [5]

Group 1 - The core point of the article is that Hengguang Holdings (HGIA.US), a Chinese insurance distributor, has announced its latest IPO terms, planning to issue 6.3 million shares at a price of $4 per share, aiming to raise $25 million, which would result in a market capitalization of $79 million [1][1][1] Group 2 - Hengguang Holdings is headquartered in Chengdu and initially submitted its IPO application in January 2022, proposing to issue 2.8 million shares to raise $11 million at the same price of $4 per share [1][1][1] - After more than a year without updating its prospectus, the company resubmitted a blank application in March of the previous year [1][1][1] - The company distributes various insurance products, including property and casualty insurance as well as life and health insurance, primarily for over 70 partner insurance companies [1][1][1] - Hengguang Holdings has 45 branches in mainland China and reported revenue of $37 million for the 12 months ending December 31, 2024 [1][1][1] - The IPO is planned to be listed on the NASDAQ under the ticker symbol HGIA, with D.Boral Capital serving as the exclusive bookrunner for the offering [1][1][1]