别再傻傻分不清！IPO和上市到底有啥区别？

Group 1 - The core distinction between IPO and listing is that IPO is the initial public offering, while listing refers to the trading of stocks on an exchange [2][4] - The average fundraising size for A-share IPOs in 2024 is 1.23 billion yuan, with a preparation period of 18 months for companies [2] - The average interval between IPO approval and official listing is 15-30 trading days, during which companies must complete various administrative tasks [2][4] Group 2 - IPO serves as a source of fresh capital for companies, while listing acts as an accelerator for liquidity in the secondary market [3] - In 2024, the average daily trading volume on the Shanghai and Shenzhen exchanges is 800 billion yuan, reflecting active trading in listed stocks [3] - In 2023, 23% of companies seeking to go public withdrew their materials during the inquiry phase, highlighting the challenges faced in the IPO process [3] Group 3 - The nature of IPO involves direct capital inflow to the company, while listing does not affect the company's actual capital [4] - The pricing mechanism for IPOs is determined by the issuer and underwriters, whereas listing prices are dictated by market supply and demand [4]