德勤：2025年A股市场IPO融资额预计增长逾九成

Group 1 - The core viewpoint of the report indicates that the A-share market in mainland China is expected to see significant growth in new listings and financing amounts by 2025, with 114 companies projected to go public and a total financing amount of 129.6 billion RMB [1] - In 2024, 100 companies are expected to be listed, raising 66.8 billion RMB, indicating a 14% increase in the number of new stocks and a 94% increase in financing amounts in 2025 compared to 2024 [1] - The Shanghai Stock Exchange is anticipated to lead with a new stock financing amount of 80 billion RMB in 2025, while the Shenzhen Stock Exchange will have the highest number of new listings at 48 companies [1] Group 2 - The report highlights that the performance of the A-share market in 2025 will continue the momentum from 2024, driven by supportive policies and new listings from energy, resources, and technology companies [1] - The Hong Kong IPO market is expected to rebound strongly in 2025, with 114 new listings and approximately 286.3 billion HKD in financing, marking a 63% increase in new stock numbers and more than doubling the financing amount compared to 2024 [2] - The report predicts that the Hong Kong market will regain its position as the global leader in new stock listings, benefiting from various reforms such as simplified listing approval processes and new pricing mechanisms for IPOs [2] Group 3 - Approximately 63 Chinese companies are expected to list in the United States in 2025, raising around 1.12 billion USD, which represents a 7% increase in the number of new stocks but a 41% decrease in financing amounts compared to 2024 [3] - The largest two new listings from Chinese companies in the U.S. are anticipated to come from a consumer company and a pharmaceutical company [3]