Core Viewpoint - The Beijing Stock Exchange (BSE) continues to experience a high level of enthusiasm for new stock listings, with significant first-day performance from recent IPOs, indicating strong market demand and potential for future growth [1][6][11]. New Stock Performance - Two recent IPOs, Aomeisen and Changjiang Nengke, achieved remarkable first-day gains of 349.82% and 254.03%, respectively [1][2]. - The average first-day increase for BSE stocks this year is approximately 331%, with several stocks seeing gains exceeding 400% [6][7]. Market Activity and Investor Interest - The recent IPOs attracted substantial investor interest, with frozen funds exceeding 700 billion yuan for each offering. Aomeisen had 59.88 million investors participating, while Changjiang Nengke attracted 64.26 million [4][5]. - The subscription rates for these new stocks were extremely high, with Aomeisen's subscription multiple reaching 4493.5 times and Changjiang Nengke at 4791.85 times [4]. Future Outlook - Industry experts predict that the BSE will see around 30 new stock listings in 2025, with an average fundraising amount of approximately 2 billion yuan per company, totaling around 60 billion yuan [1][11]. - The overall trend indicates an acceleration in new stock supply, with expectations for the number of IPOs to remain steady at about four per month in the latter half of the year [11].
北交所新股热度延续：首日涨幅均超2倍，打新冻资连超7000亿