Summary of Key Points Core Viewpoint - In the first two months of 2026, a total of 17 companies were listed on the Shanghai Stock Exchange, Shenzhen Stock Exchange, and Beijing Stock Exchange, raising a total of 15.129 billion yuan in funds [1]. Group 1: Listing and Fundraising - Among the 17 listed companies, 5 were from the main boards of Shanghai and Shenzhen, 4 from the Sci-Tech Innovation Board, and 8 from the Beijing Stock Exchange [1]. - The top fundraising company was Zhenstone Co., Ltd., which raised 2.919 billion yuan, followed by Electric Science Blue Sky and Hengyun Chang, which raised 1.645 billion yuan and 1.561 billion yuan respectively [1]. Group 2: Underwriting and Sponsorship Fees - A total of 12 securities firms participated in the underwriting and sponsorship of the newly listed companies, earning a combined fee of 829.16 million yuan [1][2]. - China International Capital Corporation (CICC) ranked first in underwriting fees, earning 252.9188 million yuan by sponsoring four companies [1]. - CITIC Securities and Guotou Securities ranked second and third, earning 131.1101 million yuan and 108.6250 million yuan respectively [1]. Group 3: Detailed Breakdown of Underwriters - The top five securities firms collectively earned 615 million yuan, accounting for 74% of the total underwriting fees in the first two months [2]. - A detailed breakdown of the underwriting fees includes: - CICC: 4 companies, 252.9188 million yuan - CITIC Securities: 2 companies, 131.1101 million yuan - Guotou Securities: 2 companies, 108.6250 million yuan - Guotai Junan: 1.5 companies, 64.7899 million yuan - Guolian Minsheng: 1 company, 57.1343 million yuan [3].