Core Viewpoint - The trend of "less fundraising," "quick approval," and "fast listing" is becoming mainstream in the IPO market, with many companies reducing their fundraising amounts due to regulatory scrutiny and a shift towards sustainable business strategies [1][2]. IPO Fundraising Trends - As of now, 46 companies are scheduled for IPOs by 2025, with half of them reducing their fundraising amounts, primarily by 20% to 40% [1]. - Among the companies listed on the Sci-Tech Innovation Board and the Beijing Stock Exchange, a high probability of fundraising reduction is observed, with 83.33% of the 6 companies on the Sci-Tech Innovation Board and 55% of the 20 companies on the Beijing Stock Exchange reducing their fundraising amounts [1]. - The Shenzhen and Shanghai main boards have 50% and 41.67% of companies, respectively, reducing their fundraising amounts, while the ChiNext board shows a unique trend with no reductions [1]. Newly Listed Companies - Out of the 65 companies that went public this year, 40 have seen their fundraising amounts shrink, accounting for over 60% [2]. Industry-Specific Fundraising Reductions - The specialized equipment manufacturing and computer, communication, and other electronic equipment manufacturing sectors have the highest number of companies reducing their fundraising amounts, with 4 out of 8 and 4 out of 6 companies, respectively, experiencing reductions [4][5]. - Notable examples include Sai Fen Technology, which reduced its fundraising from 850 million yuan to 216 million yuan, a decrease of 74.60% [6][7]. Reasons for Fundraising Reductions - The adjustments in fundraising amounts are influenced by regulatory policies and companies' strategic shifts towards core business focus and sustainable development [10]. - A significant number of companies have cut or eliminated "supplementary working capital" projects due to stricter regulatory scrutiny, with over 10 companies reported to have made such cuts [11]. - Companies like Marco Polo and Zhongce Rubber have notably reduced their fundraising amounts by eliminating or adjusting projects deemed unnecessary or unfeasible [12][13].