according to panoramic data monitoring, as of January 14, there were 885 IPO companies under review in the whole A-share market. Among them, there are 123 main boards in Shanghai stock market, 109 main boards in Shenzhen stock market, 167 science and innovation boards, 417 gem and 69 Beijing stock exchange.
in 2022, 14 enterprises have terminated the IPO process
According to statistics, since 2022, five GEM companies have withdrawn their materials, one has not been registered and two have terminated their registration. In total, the listing process of eight GEM companies to be IPO has been terminated; In the same period, there were only 5 enterprises registered on the gem. In other words, the number of companies to be IPO on the gem that have terminated the IPO process this year has been more than the actual companies.
At the same time, since the beginning of this year, there has been a proposed IPO enterprise on the main board of Shanghai stock market; One company planning to IPO on Kechuang board withdrew its materials and two companies terminated their registration; Two companies to be IPO of Beijing stock exchange withdrew their materials.
In terms of the whole market, since this year, 14 enterprises in Shanghai, Shenzhen and Beijing have terminated the IPO process. In fact, from the situation since this year, neither the leading investment banks in the industry nor small and medium-sized investment banks can ensure that the IPO projects in their hands can successfully break through.
According to statistics, in recent years, Guosen Securities Co.Ltd(002736) , Huatai United have two sponsor enterprises to terminate IPO respectively, Citic Securities Company Limited(600030) , Guotai Junan Securities Co.Ltd(601211) , Minsheng securities have one sponsor enterprise to terminate IPO, and these are the top investment banks in the industry.
The person in charge of the relevant department of an investment bank of a large securities firm in Beijing said, “now the IPO audit has high requirements for the industry, such as restrictions on popular industries such as semiconductor and biomedicine, and restrictions on \’double high\’ industries. The audit of the gem also puts forward higher requirements from the aspect of \’three innovations and four innovations\’.”
Shandong’s first IPO was born this year
On January 12, Shandong Tianyue advanced was officially listed on the science and Innovation Board of Shanghai Stock Exchange, becoming the first share of A-share silicon carbide substrate. The IPO price per share was 82.79 yuan, and the total amount of funds raised exceeded 3.5 billion. After deducting the issuance expenses, the net amount of funds raised was about 3.2 billion.
Behind this semiconductor hard core technology is Zong Yanmin, a post-60s Shandong man. In his early years, he graduated from Qilu University of technology majoring in inorganic materials. In 2010, Zong Yanmin founded a material science and technology enterprise, which is the advanced predecessor of Tianyue. Later, he realized industrialization by spending a lot of money to buy silicon carbide material technology of Shandong University and created a leading enterprise. Zong Yanmin also broke through 10 billion with this IPO.
It is worth mentioning that Tianyue advanced once attracted a number of investors to compete for share, which once attracted attention in the VC / PE Circle. Up to now, there is still a long list of VC / PE and industrial capital shareholders behind the company. Of course, the most eye-catching is Huawei Hubble investment, which is Huawei’s first IPO this year.
Tianyue advanced disclosed the subscription results of IPO strategic investors, of which Saic Motor Corporation Limited(600104) was allocated 49.7512 million yuan and Guangdong Xiaopeng automotive technology was allocated 49.7512 million yuan. In addition, Guangzhou Automobile Group Co.Ltd(601238) and Contemporary Amperex Technology Co.Limited(300750) participated in this IPO through their subsidiaries – Guangqi No. 7 and wending investment.
the CSRC plans to introduce a market maker mechanism
The opinions on the implementation of establishing a science and innovation board and pilot registration system in Shanghai Stock Exchange (hereinafter referred to as the Implementation Opinions) proposed that the science and Innovation Board will introduce the market maker mechanism on the basis of competitive trading when conditions are ripe. Since the establishment of the science and innovation board, the market has operated smoothly, and various reform measures have achieved remarkable results.
In order to implement the implementation opinions and further promote the establishment of the science and innovation board and the reform of the pilot registration system, the CSRC has drafted the pilot provisions on stock market making trading business of the science and Innovation Board of securities companies (Draft for comments) (hereinafter referred to as the market making provisions). It plans to introduce the market maker mechanism into the science and innovation board, and now solicits opinions from the public.
There are 17 provisions on market making, mainly including six aspects: market maker access conditions, access procedures, market making bond source arrangement, internal control, risk monitoring, supervision and law enforcement. See the drafting instructions of market making regulations for details.
IPO trends next week
according to the panoramic data statistics, next week (January 15-january 21), seven enterprises will accept IPO audit.
according to the arrangement of new share issuance, eight new shares of A-Shares will be subscribed next week.
according to the IPO arrangement, four enterprises will be listed next week.
latest IPO queue
