IPO市场正掀起募资“瘦身潮” 审核标准更趋严格

Core Viewpoint - The IPO market is experiencing a trend of reduced fundraising, with companies significantly lowering their initial fundraising targets due to stricter regulatory policies [1] Group 1: Fundraising Trends - On September 17, Bai'ao Saitou submitted an application to raise 1.185 billion yuan, which is significantly lower than the initial target of 1.893 billion yuan set in June 2023 [1] - More than 40% of companies have reduced their fundraising scale compared to their initial proposals, with an average reduction of over 20% [1] - The "supplementary working capital" projects have seen the most significant cuts, with many companies either canceling these plans or drastically lowering the funding amounts [1] Group 2: Regulatory Impact - The phenomenon of reduced fundraising is closely linked to the deepening of regulatory policies [1] - The implementation of the new "National Nine Articles" has led to revisions in the rules for IPO issuance and fundraising supervision, making the fundraising review standards more stringent [1] - There is a precise constraint on previous issues such as "overfunding" and "excessive proportion of supplementary funds" [1]