Core Viewpoint - In the first seven months of 2025, A-shares saw 59 companies listed, a year-on-year increase of 18.00%, with a total fundraising net amount of 544.21 billion yuan, up 63.83% from the previous year [2] Group 1: Listing and Fundraising - A total of 59 new companies were listed, comprising 14 on the Shanghai Main Board, 8 on the Sci-Tech Innovation Board, 8 on the Shenzhen Main Board, 22 on the Growth Enterprise Market, and 7 on the Beijing Stock Exchange [2] - The net fundraising amount of these companies reached 544.21 billion yuan, compared to 332.18 billion yuan in the same period last year [2] Group 2: Fees Charged by Intermediaries - The total fees charged by IPO intermediaries for these 59 companies amounted to 43.90 billion yuan, with underwriting and sponsorship fees at 30.22 billion yuan, legal fees at 4.48 billion yuan, and audit fees at 9.20 billion yuan [2] - The ranking of underwriting and sponsorship fees by board is as follows: Growth Enterprise Market, Shanghai Main Board, Sci-Tech Innovation Board, Shenzhen Main Board, and Beijing Stock Exchange [3] Group 3: Average Fees by Board - The average underwriting and sponsorship fee is highest in the Sci-Tech Innovation Board at 68.96 million yuan, while the lowest is in the Beijing Stock Exchange at 22.63 million yuan [6] - The average legal fee is highest in the Sci-Tech Innovation Board at 8.30 million yuan, and the lowest in the Beijing Stock Exchange at 3.63 million yuan [6] - The average audit fee is highest in the Shanghai Main Board at 21.17 million yuan, and the lowest in the Beijing Stock Exchange at 5.29 million yuan [6] Group 4: Top Intermediaries - CITIC Securities ranked first in total underwriting and sponsorship fees at 3.28 billion yuan, followed by Guotai Junan and CITIC Jianzhong at 3.28 billion yuan and 3.17 billion yuan respectively [8] - The top three law firms by total fees are Shanghai Jintiancheng, Beijing Zhonglun, and Zhejiang Tiance, with total fees of 66.14 million yuan, 46.18 million yuan, and 35.24 million yuan respectively [11] - The top three accounting firms by total fees are Rongcheng, Tianjian, and Ernst & Young Huaming, with total fees of 1.77 billion yuan, 1.53 billion yuan, and 1.33 billion yuan respectively [14]