Group 1 - As of January 4, there are 342 companies waiting for IPO approval in the A-share market, with the Beijing Stock Exchange having the highest number at 208 companies, accounting for 60.82% of the total [1] - Among the queued companies, 194 have a net profit of over 80 million, representing 56.73%, while 143 companies have a net profit exceeding 100 million, making up 41.81% [1] - The China Securities Regulatory Commission (CSRC) has relaxed regulations to promote technological innovation, leading to a projected doubling of IPOs in 2025 compared to 2024, with 115 companies expected to list and a total financing amount of 128 billion RMB [1][4] Group 2 - The largest IPO in 2025 is expected to be from Huaneng New Energy, raising 18.2 billion RMB, followed by Moore Threads Technology with 8 billion RMB, and Xi'an Angrui Siwei New Materials Technology with 4.6 billion RMB [4] - The CSRC has reintroduced regulations allowing loss-making tech companies to list on the Sci-Tech Innovation Board, similar to NASDAQ, which is anticipated to further stimulate market activity [4] - Analysts predict that the reforms introduced in 2025 will accelerate IPO activities in 2026, with a focus on sectors such as artificial intelligence, new energy, high-end manufacturing, commercial aerospace, quantum technology, and biomanufacturing [4]
2025年A股IPO数量同比翻倍，机构预计新股发行步伐将加快
Huan Qiu Wang·2026-01-06 01:17