Sou Hu Cai Jing·2025-07-17 06:53Group 1 - In the first half of 2025, the Nasdaq exchange welcomed 142 IPOs, raising a total of $19.2 billion, marking the highest number of listings and fundraising since 2021 [1] - Among the new listings, 83 were operating companies, while 59 were SPACs (Special Purpose Acquisition Companies) [1] - Additionally, 11 companies transferred from the NYSE to Nasdaq during the same period, with a total valuation of $271 billion, including notable firms like Shopify and Kimberly-Clark [1] Group 2 - The months of April and May saw the highest activity for new listings, with a total of 60 new stocks launched [3] - China accounted for the largest number of foreign companies listed, representing 32% of the total [3] - The Nasdaq's "IPO Pulse Index" has been rising, indicating improved market returns and valuations, which are expected to correlate with continued IPO activity in the second half of the year [3]