Group 1: IPO Market Overview - In April 2025, A-shares issued 7 new stocks, a 50% decrease month-on-month, raising a total of 6.5 billion yuan, down 18.4% from the previous month[10] - The average first-day price-to-earnings (PE) ratio for new stocks was 15 times, the lowest since 2024, with a 42% discount compared to comparable companies[22] - As of the end of April 2025, there were 202 IPO projects pending approval, with a total intended fundraising of 222.3 billion yuan[66] Group 2: Investor Participation and Performance - The average fundraising rate for five newly issued stocks was 86%, a slight increase of 1 percentage point month-on-month[14] - The first-day closing price of new stocks in April rose by an average of 216%, maintaining a "zero break" status[41] - For 2 billion yuan products, the absolute return for preferred allocation investors was 1.961 million yuan, with a yield of 0.98%[50] Group 3: Market Trends and Risks - The number of IPO projects approved increased, with 9 projects passing in April, indicating a growing market activity[61] - The proportion of A/B class allocation for the ChiNext board was 0.024%/0.023%, showing a slight decrease[28] - Risks include potential changes in the IPO review pace, adjustments in issuance systems, and fluctuations in investor participation[68]

股票简称：肯特催化 股票代码：603120 肯特催化材料股份有限公司 （Kente Catalysts Inc.） 仙居县福应街道现代工业集聚区 首次公开发行股票主板上市公告书 二〇二五年四月十五日 肯特催化材料股份有限公司 上市公告书 特别提示 肯特催化材料股份有限公司（以下简称"肯特催化"、"发行人"、"公司"、 "本公司"）股票将于 2025 年 4 月 16 日在上海证券交易所主板上市。 保荐人（主承销商） （成都市青羊区东城根上街 95 号） 本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因素，在新 股上市初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 | 目 | 录 | 2 | | --- | --- | --- | | 第一节 | | 重要声明与提示 4 | | | | 一、重要声明 4 | | | | 二、风险提示 4 | | | | 三、重大风险提示 6 | | 第二节 | | 股票上市情况 9 | | | | 一、股票注册及上市审核情况 9 | | | | 二、股票上市的相关信息 10 | | | | 三、公司申请首次公开发行并上市时选择的具体上市标准，公开发行后达到 | | ...