券商IPO承销排名出炉！

Core Viewpoint - The A-share IPO market has shown signs of recovery in 2025 after a prolonged downturn in 2024, with an increase in both the number of IPOs and the amount of capital raised compared to the previous year [1][3][8]. Group 1: A-share IPO Market Performance - In 2025, the total amount raised through IPOs, additional issuances, and convertible bonds in the A-share market reached 214.83 billion yuan, a year-on-year increase of 53.1% [3]. - As of June 8, 2025, 45 A-share companies have been sponsored for IPOs, representing a 12.5% increase from the previous year, with total fundraising amounting to 33.655 billion yuan, up approximately 19% year-on-year [3][4]. - The provinces with the highest number of IPOs include Zhejiang (10), Jiangsu (10), and Guangdong (9), with Zhejiang leading in fundraising at 9.693 billion yuan [3]. Group 2: Leading Securities Firms in A-share IPOs - The top three securities firms in A-share IPO underwriting amounts are CITIC Securities (79.18 billion yuan), Huatai United Securities (30.34 billion yuan), and CITIC Securities (26.74 billion yuan) [4][7]. - A total of 23 securities firms have participated in A-share IPOs in 2025, with CITIC Securities and Huatai United Securities leading in underwriting amounts and revenues [4][7]. - Four firms have reported IPO underwriting revenues exceeding 200 million yuan, namely CITIC Securities, Huatai United Securities, CITIC Securities, and Guotai Junan [4]. Group 3: Hong Kong IPO Market Performance - The Hong Kong IPO market has experienced remarkable growth, with a year-on-year increase of over 700% in fundraising during the first five months of 2025 [2][8]. - Chinese securities firms have significantly outperformed foreign banks in the Hong Kong IPO market, with over half of the underwriting firms being Chinese [2][9]. - The total number of new listings in the Hong Kong market is expected to reach around 80 in 2025, with fundraising estimated between 130 billion to 150 billion Hong Kong dollars [9].