Group 1 - The A-share market received 174 IPO applications in the first half of 2025, while the Beijing Stock Exchange has 113 companies waiting to go public. The Hong Kong market raised HKD 106.7 billion, eight times last year's amount, with multiple companies listing on the same day [1][2] - In contrast to previous years' sluggishness, the IPO issuance pace in the A-share market has slowed significantly following the China Securities Regulatory Commission's policy to "temporarily tighten the IPO rhythm" in August 2023. Only 100 companies successfully listed in 2024, less than one-third of the number in 2023 [2] - June 2023 saw a record high in A-share IPO applications, with 150 new applications in that month alone, accounting for over 80% of the total for the first half of the year. On June 30, 41 companies were accepted for listing, with the Beijing Stock Exchange accounting for 32 of them [5] Group 2 - The current IPO boom presents numerous opportunities for job seekers, particularly in roles related to compliance, risk control, and investment banking. The demand for new hires in these areas has increased significantly due to the high frequency of IPO events [6][7] - Major investment banks have expanded their recruitment for IPO-related positions by 20%-30% compared to last year, with internship positions in Hong Kong teams doubling. This trend indicates a strong demand for talent to support the ongoing IPO activities [6][7] - The roles available include positions in investment banking execution, compliance/risk control, industry research, and positions related to Hong Kong listings, all of which provide valuable experience and exposure to core business operations [8][10][11][12] Group 3 - The investment banking execution role involves assisting in the IPO process, including organizing financial data and verifying compliance with regulations. This position offers interns a close-up view of the entire IPO process [9] - Compliance and risk control roles focus on identifying potential issues before a company goes public, ensuring that all regulatory requirements are met. This experience is crucial for understanding the financial industry's operational standards [10] - Industry research positions require interns to analyze market trends and company performance, providing insights that are essential for investment decisions. This role is ideal for those with a strong analytical background [11] Group 4 - Positions related to Hong Kong listings require interns to adapt financial statements to meet international standards and understand the unique listing rules of the Hong Kong market. This experience is beneficial for those looking to work in international finance [12] - The trading and regulatory institutions are also expanding their recruitment, focusing on roles that directly support the IPO review process. This provides interns with firsthand knowledge of the regulatory landscape [13] - The demand for compliance and risk control positions has increased by 30% this year, reflecting the growing importance of post-listing compliance in financial institutions [17]

美妆行业的上市热潮，时隔近五年似乎再度拉开帷幕。 《FBe a u t y未来迹》梳理发现，2 0 2 5年刚过半程，已有2 8家美妆产业链相关企业启动了IPO进 程，涵盖品牌、原料、电商服务、包材、医美等多个领域，谷雨、林清轩、绽妍等品牌赫然在 列。 这 波热潮与 近 年 来 的 " 上市难 " 形成鲜明对比。自2 0 2 3年全球IPO 市 场 整 体 降 温 、 政 策 收 紧 以 来，不少企业折戟IPO之路。如今，政策层面显露"松绑"迹象，加之毛戈平、若羽臣等成功上 市带来的示范效应，急需资本"活水"的企业正蓄势待发。 2 0 2 5年，能否重现五年前的上市盛景，并催生改变行业格局的新头部？ 《FBe a u t y未来迹》梳理发现，美妆品牌商成为此轮上市的主力。今年至今共有8家美妆品牌 商奔赴上市，其中不乏知名品牌谷雨、林清轩、绽妍生物等。不过，目前仅有朴荷生物一家成 功上市。 | 上下滑动查看 | | --- | 林清轩也于今年5月正式向港交所递交招股书，计划主板挂牌上市，冲刺港股"国货高端护肤第 一股"。与毛戈平的情况有些类似，主打高端护肤的林清轩，其毛利水平十分引人瞩目。 招 股 书 显 示 ...

Group 1 - The recent performance of emerging growth companies on Wall Street has sparked market interest, indicating a noticeable recovery in IPO demand for these companies, suggesting an upcoming "listing wave" [1] - Circle, the first stablecoin to go public, saw its stock price surge nearly 170% on its debut, closing at $83.23, significantly above its IPO price of $31, and further increasing by about 24% the following day, boosting confidence in the cryptocurrency sector [2] - Following Circle's successful IPO, cryptocurrency exchange Gemini has secretly submitted an S-1 registration statement to the SEC, indicating potential future IPO plans, contingent on market conditions [2] Group 2 - CoreWeave, a cloud computing service provider backed by Nvidia, experienced a stock price increase of nearly 240% since its IPO, despite initial skepticism from the market regarding its high debt and customer concentration [3] - The summer is typically a slow season for IPOs, but the strong performances of companies like CoreWeave and Circle may encourage other unicorns to file for IPOs [3] - Financial technology company Chime plans to issue 32 million shares at a price range of $24 to $26, aiming to raise approximately $800 million, while Voyager Technologies intends to issue 11 million shares at a price range of $26 to $29, targeting over $300 million in fundraising [4]