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Termination of IPO review! On August 10, three pieces of news hit the market in the early hours of this morning!

2024-08-10

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Preface

This year, with the phased tightening of IPO policies, it has reached the one-year anniversary of its implementation. During this period, the number of IPO review terminations dropped sharply by 74.58% year-on-year, while the number of terminations due to withdrawal of materials increased by 94.04% year-on-year.

In the IPO space, regulators have clearly invested a lot of effort to address the market's long-standing criticism of IPOs, which have often seen them fall below their offering prices shortly after listing, despite the large number of new shares entering the market.

Whether it was the suspension of Syngenta's 65 billion IPO plan, the strengthening of on-site supervision of companies such as CITIC, and the increase in the proportion of spot checks and listing thresholds, the IPO market was once almost completely stagnant.

Nevertheless, although the IPO problem seems to have been effectively resolved, the performance of the A-share market does not seem to have improved as a result, and the market index has still not stabilized above 3,000 points.