On January 2, the latest report released by PricewaterhouseCoopers stated that although the pace of A-share IPOs has slowed down in 2023, it is still confident about the A-share IPO market in 2024, especially the Beijing Stock Exchange (hereinafter referred to as “Beijing”). Exchange”) is expected to usher in a window period for rapid development.
Specifically, looking back at 2023, PwC pointed out that on the one hand, the number of A-share IPOs slowed down last year, with a total of 313 IPOs throughout the year.new shareslisting, a year-on-year decrease of 26% (compared with the same period of the previous year, the same below); on the other hand, IPO financing amounted to 356.4 billion yuan, a year-on-year decrease of 39%.
The report shows that in 2023, the Shanghai Stock Exchange (hereinafter referred to as the “Shanghai Stock Exchange”) will have 103new sharesissuance, with a financing amount of 193.7 billion yuan. Among them, 36 new stocks were issued on the main board of the Shanghai Stock Exchange, with a total financing of 49.8 billion yuan; 67 new stocks were issued on the Science and Technology Innovation Board, with a total financing of 143.9 billion yuan, ranking first among all A-share sectors.
The Shenzhen Stock Exchange (hereinafter referred to as the “Shenzhen Stock Exchange”) will issue 133 new shares in 2023, with a financing amount of 148.1 billion yuan. Among them, 23 new shares were issued on the main board of the Shenzhen Stock Exchange, with a financing amount of 25.8 billion yuan; 110 new shares were issued on the GEM, ranking first among all A-share sectors in terms of number of new shares, with a total financing amount of 122.3 billion yuan.
In 2023, a total of 77 new stocks will be listed on the Beijing Stock Exchange, with a financing amount of 14.6 billion yuan.
“In 2023, A-share IPOs will still lead the world, exceeding all other major capital markets in the world in terms of quantity and financing amount. Among them, the IPO financing amounts of the Shanghai Stock Exchange and Shenzhen Stock Exchange ranked first and second in the world respectively.” Puhua Waterhouse Yongdao said.
Liang Weijian, PwC China market leader, said at the press conference that in the context of the slowdown in the development of the global capital market, the enthusiasm for declarations on the Shanghai and Shenzhen exchanges continues to rise. With the steady advancement of the comprehensive registration system, China The capital market has shown strong vitality.
Looking forward to 2024, PwC predicts that the number of IPOs in the A-share market may reach 200 to 240, and the annual financing amount is expected to reach 160 billion to 190 billion yuan.
It is worth mentioning that compared with 2023, PwC predicts that the number of IPOs and financing amounts on the Beijing Stock Exchange will increase among the major A-share sectors in 2024.
Specifically, a PwC report shows that there may be 30 to 40 new stocks on the main boards of the Shanghai Stock Exchange and Shenzhen Stock Exchange in 2024, achieving a financing amount of 35 billion to 45 billion yuan; the Science and Technology Innovation Board may have 25 to 35 new stocks, The financing amount is 40 billion to 50 billion yuan; the GEM may have 65 to 80 new stocks, and the financing amount is 65 billion to 70 billion yuan; the Beijing Stock Exchange may have 80 to 85 new stocks, and the financing amount is 20 billion yuan yuan to 25 billion yuan.
Regarding why the North Exchange’s IPO market is expected to perform well in 2024, Ni Jingan, PwC’s China technology industry managing partner, said at the press conference that on the one hand, it is expected that after the launch of the new system of direct listing of the North Exchange, the application for the North Exchange’s direct listing will All enterprises will see a significant increase and improvement in terms of quantity, profitability and technological content.
“On the other hand, it is expected that IPOs in 2024 will tend to support technological innovation, advanced manufacturing, green development and SME-related fields, especially in supporting SME IPOs. Therefore, comprehensively, the Beijing Stock Exchange will usher in 2024. A window period for rapid development.” Ni Jingan further pointed out.
A PricewaterhouseCoopers report shows that among the 77 newly listed companies on the Beijing Stock Exchange in 2023, 43 are national-level specialized, specialized and new “little giant” companies, accounting for 55.8%.
In addition, regarding the overall development of the A-share IPO market in 2024, Ni Jingan believes that 2024 will be a year to continue to consolidate the legal basis for the registration system reform. It can be foreseen that regulators will continue to improve and perfect the stock issuance registration system before, during and after the event. Post-event supervision of the whole chain will consolidate the main responsibilities of the issuer, the professional control responsibilities of intermediaries, and the audit responsibilities of the exchange. Therefore, companies planning to be listed must bear in mind that “forging iron requires one’s own hard work.”
(Source of article: The Paper)
Article source: The Paper
Original title: PricewaterhouseCoopers: The number of IPOs and the amount of financing on the Beijing Stock Exchange may achieve double growth in 2024
Solemnly declare:Oriental Fortune publishes this content to disseminate more information. It has nothing to do with the position of this site and does not constitute investment advice. Operate accordingly at your own risk.
2024-01-02 14:24:39
#PwC #number #IPOs #amount #financing #Beijing #Stock #Exchange #achieve #double #growth
