一季度30只新股IPO，北交所占比过半

Core Viewpoint - The A-share market has seen a significant increase in new listings and fundraising in the first quarter of 2026, with a total of 30 companies expected to go public, marking a 50% year-on-year increase in fundraising [3][6]. Group 1: New Listings and Fundraising - As of March 30, 2026, 30 companies are set to be listed in the A-share market, compared to 27 in the same period last year, with total fundraising amounting to 258.79 billion yuan, a 57.07% increase from 164.76 billion yuan in 2025 [3][6]. - The Beijing Stock Exchange (北交所) has become the leading platform for new listings, with 16 companies listed, accounting for approximately 53% of the total. In contrast, the Shanghai and Shenzhen main boards and the Sci-Tech Innovation Board each had 6 listings, while the Growth Enterprise Market had 2 [6][7]. - The fundraising scale for the Beijing Stock Exchange is relatively lower, with 16 companies raising a total of 48.84 billion yuan, which is 18.87% of the total fundraising. The Sci-Tech Innovation Board raised the highest amount at 89.22 billion yuan, accounting for 34.48% [6][7]. Group 2: IPO Application and Review Process - The number of new IPO applications received has changed, with the Sci-Tech Innovation Board receiving the most applications this year, while the Beijing Stock Exchange was the main recipient last year [10][12]. - A total of 39 companies have had their IPO applications approved this year, with 20 from the Beijing Stock Exchange, 13 from the Shenzhen Stock Exchange, and 6 from the Shanghai Stock Exchange [13]. - The number of companies terminating their IPO processes has significantly decreased, with only 9 companies terminating their applications this year compared to 50 last year, indicating a more favorable environment for companies seeking to go public [10][13]. Group 3: Underwriting and Fees - The total underwriting fees from the 30 companies listed in the first quarter are estimated to be 14.63 billion yuan, with China International Capital Corporation (中金公司) leading with 2.53 billion yuan from 4 projects [8][9]. - The top ten companies by fundraising amount include 4 from the main and Sci-Tech Innovation Boards, with no companies from the Beijing Stock Exchange making the list. The highest fundraising amount was from Zhenstone Co., Ltd. (振石股份), which raised 2.91859 billion yuan [7][9].