In 2021, with the global epidemic still raging and the capital market changing, under the background of promoting the comprehensive registration system, the A-share IPO market is hot, and the number of IPO enterprises and total fund-raising have set a new historical record.
This year, new members of the A-share market appeared: the opening of the Beijing stock exchange, and 81 selected enterprises were listed on the Beijing stock exchange, injecting fresh blood into the A-share market again
This year, the passing rate of the conference reached 91.36%
This year, 121 new third board companies were listed on the A-share market, three selected enterprises applied for listing on the A-share market, and the A-share communication channels were further opened
In 2021, under the guidance of the registration system, the direct financing role of A-Shares will be brought into better play. China’s capital market has officially entered a comprehensive market-oriented reform, and the marketization level of A-Shares will be further improved.
Panoramic data will take you through a set of numbers to take stock of the IPO market in 2021.
2022 opens with great success and heavy recommendation! In 2021, with the global epidemic still raging and the capital market changing, the A-share IPO market is booming under the background of promoting # comprehensive registration system. The number of IPO enterprises and total fund-raising have set a new historical record. The panoramic data will take you through a set of figures to review the IPO market in 2021. 524 &544.1 billion yuan
According to panoramic data monitoring, as of December 31, the total number of A-share listed new shares has reached 524 since 2021, including 122 listed enterprises under the approval system (88 on the main board of Shanghai stock market and 34 on the main board of Shenzhen stock market), 162 and 199 listed enterprises on the science and innovation board and gem respectively, and 41 listed enterprises on the Beijing stock exchange. Overall, the total fund-raising amount of 524 listed companies exceeded 540 billion yuan in 2021. The number of IPO enterprises and fund-raising amount in 2021 increased by 20% and 13.21% respectively year-on-year.
Figure 1 number of listed companies and total annual IPO fund-raising of 251 in recent ten years
In order to standardize the on-site inspection behavior of the first-time enterprises, strengthen the supervision of the information disclosure of the first-time enterprises, urge the intermediaries to return to their duties and protect the legitimate rights and interests of investors, the CSRC issued the provisions on on on-site inspection of the first-time enterprises on January 29, 2021. The inspection regulations regulate the basic requirements, standards, processes and follow-up work of the on-site inspection of the starting enterprise, clarify the rights and obligations of the units and personnel involved in the inspection, compact the responsibilities of the issuer and intermediaries, and strengthen the supervision of the inspectors.
The implementation of the inspection regulations has triggered a tide of withdrawal of IPO application enterprises. In 2021, 251 reviews were terminated, while in 2020, only 82 reviews were terminated. In terms of sectors, there are 44 terminated enterprises under the approval system (26 on the main board of Shanghai Stock Exchange and 18 on the main board of Shenzhen Stock Exchange) and 207 registered enterprises (91 on the science and innovation board and 117 on the GEM). It can be seen that the IPO registration system is more terminated than the approval system, and the terminated enterprises on the science and innovation board and gem account for 82.47% of all terminated IPOs.
Figure 2 distribution of IPO companies withdrawing their application for listing in 2021
Lenovo Group has created the shortest withdrawal application history. It took only one working day from applying for IPO to terminating IPO.
Figure 3 Lenovo Group A-share IPO application process 91.26%
In 2021, the enterprise conference will be in full swing, 447 enterprises will attend the conference, 407 enterprises will pass the conference, and the conference rate will reach 91.05%. Beijing stock exchange reviewed 4 companies, all of which passed successfully, and the attendance rate reached 100%.
Fig. 4 meeting rate of each plate in 2021
It is worth noting that at present, 5 enterprises are still in the state of suspension of voting, and 6 enterprises cancel the audit. 557.8 yuan
According to the announcement on the listing and issuance of Hemai shares on the science and innovation board, the issuance price of the company is determined to be 557.80 yuan / share, and the issuance price earnings ratio is 225.94 times; 10 million shares were issued, with a total share capital of 40 million shares and a raised capital of 5.578 billion yuan. Statistics show that the highest issue price of A-share listed companies was Sino Biological Inc(301047) and the issue price was 292.92 yuan / share, which also means that the issue price of Hemai shares reached a new high of A-share.
Table 1 Top 1043 industries in IPO price of a shares
In 2021, the newly listed companies involved 43 industries, including the largest number of enterprises in computer, communication and other electronic equipment manufacturing industry, with 62 companies listed in the whole year. The performance of special equipment manufacturing, chemical raw materials and chemical products manufacturing is also very eye-catching.
Figure 5 distribution of newly listed companies in 29 provinces, cities and autonomous regions in 2021
According to the regional analysis of newly listed companies in 2021 (the data of Hong Kong, Macao and Taiwan are not counted), 29 provinces, cities and autonomous regions have newly listed companies, of which Guangdong has the most, reaching 92. In addition, Zhejiang, Jiangsu, Beijing, Shanghai and other regions are still in the forefront.
Figure 6 geographical distribution of newly listed companies in 2021
It is worth noting that bank of Lanzhou will conduct an online roadshow on January 4, 2022, which will break the situation that Gansu has not listed new shares for five consecutive years. 134
Under the background of the registration system, 134 new third board enterprises were listed on A-Shares after delisting in 2021, of which 68 were listed on GEM. There are 44 scientific innovation boards, 13 main boards of Shanghai Stock Exchange and 10 main boards of Shenzhen Stock Exchange.
Figure 7 distribution of target sectors of listed companies transferred from the third board to the second board in 2021
Selected enterprises such as Guandian defense, taixiang industry and Hanbo hi tech took the lead in launching the board transfer plan after meeting the conditions for listing on the board, which is not only the embodiment of the further interconnection of China’s capital market, but also the further improvement of China’s multi-level capital market construction. 1 Institute
The opening of the Beijing stock exchange injected fresh blood into the A-share market again. The establishment of Beijing stock exchange is another important landmark event in the reform and development of China’s capital market. It is another major innovative measure to deepen the reform of the new third board and promote the high-quality development of the capital market. It is a further exploration to promote the innovative development of small and medium-sized enterprises and the development of Inclusive Finance in the capital market.
On the first day of the market opening, in the call auction stage, the highest increase of 10 new shares of the Beijing stock exchange soared to 282.3%, and the lowest increase was as high as 74.72%. After the opening, the rise of individual stocks was more ferocious. 10 new shares of the Beijing stock exchange collectively triggered two temporary stops, of which n Tongxin rose as high as 537.5%.
Figure 8 list of companies whose share price rose by more than 100% on the first day of the opening of the Beijing stock exchange
The performance of stocks in the first month of the opening of the Beijing stock exchange was differentiated. In the first month, 11 new shares rose collectively, with an average increase of 110.84%; 71 stocks, most of them callback. The daily average amplitude of the Beijing stock exchange decreased from 25.51% on the first day of opening to 5.28%.
In addition, the number of accounts opened by qualified investors of the Beijing stock exchange exceeded 4.6 million, and the first eight theme funds of the Beijing stock exchange all realized half day over raising.
(panoramic Finance)
