Six Months Now, IPO Is Now Declaring New Applications.

< p > the market for initial public offerings (IPO) is changing.

On the one hand, < a href= "//www.sjfzxm.com/news/index_s.asp > > IPO < /a > the number of queuing enterprises has been reduced to 598, the pre disclosure enterprises are 328, and the IPO" quake lake "water level is accelerating to decline; on the other hand, CITIC Securities and Huatai Securities each have a single IPO sponsor project formally received the acceptance letter of the China Securities Regulatory Commission in May 13th. These two projects are respectively the Liyuan department store listed on the main board of the Shanghai Stock Exchange and the psychic jewelry for the Shenzhen Stock Exchange's small and medium-sized board listing.

< /p >

For nearly half a year, the IPO channel has been in "inventory management" for less than P, and no new projects have been declared.

< /p >

< p > < strong > IPO is now newly declared < /strong > < /p >.

At the end of the month of P > 3, micro-blog, the securities and Futures Commission, made a statement on the timing of the initial launch of the listed companies. It recommended that the sponsors help the issuers to grasp the declaration time reasonably, so as not to cause unnecessary negative effects on the normal production and operation of enterprises due to the excessive trial time, and encourage enterprises to develop financing through other three ways, such as listing the new three boards and listing overseas.

< /p >

< p > this has been interpreted by the market as the main issue of this year's issue market. The a href= "//www.sjfzxm.com/news/index_cj.asp" > regulatory /a < > may not accept IPO applications again, and the IPO applications of the two enterprises have been accepted and cracked.

< /p >

< p > "the regulators did not say they would not accept it, but that does not mean that they will let go of the pace."

Bao Dai, a large investment bank in eastern China, told reporters that if we want to control the pace of IPO, we can make an issue in the issue of approval documents. There is no timetable from the end of the trial to the approval. After submitting the materials, the SFC will decide whether to accept the decision within 5 working days.

< /p >

< p > in addition, the industry also hearsay that another two single IPO projects of 2 brokerages have also been accepted, but the reporters have not been given a clear statement.

< /p >

< p > according to the requirements of the latest IPO auditing process issued by the Regulatory Commission in May 9th, the acceptance will be disclosed in advance. Therefore, the enterprises that have been accepted will soon disclose the prospectus draft.

< /p >

< p > < strong > water level of dammed lake is difficult to rise to < /strong > /p >

< p > May 14th evening, the SFC again released the eighteenth batch of 7 pre disclosure lists, plus 321 previous ones, and 328 companies have already disclosed the prospectus.

< /p >

< p >, according to the SFC's weekly IPO review of the enterprise situation table, as of May 8th, the number of queuing enterprises was reduced to 598, of which 206 were Shanghai Stock Exchange enterprises, 183 were SME Board companies, 209 were gem enterprises.

< /p >

< p > at the same time, at the same time, the number of enterprises stopped censorship increased to 64, of which 27 enterprises were unable to continue due to the doubt of the issuer's qualification or the restriction of the intermediary's practice. These enterprises were related to Ping An Securities and Beijing Tian Yin Law Firm's investigation and registration by the SFC, and the 37 enterprises were asked to suspend examination because of the initiative of the issuer.

< /p >

< p > the number of enterprises that have terminated the review has reached 40 this year.

"In addition to the mistakes made by the sponsors, the changes in the company's fundamentals or the existence of financial fraud may result in termination of the review."

Bao Dai said above.

< /p >

< p > and whether the new application of IPO begins to accept, does it mean that the water level of the barrier lake in the queuing enterprises will rise again? Many investment bankers have told reporters that at this stage, the regulatory authorities will still regulate the pace of examination and approval through various means. "The supervision department's audit requirements are obviously strict, and a Southwest brokerage project and CITIC and Huatai enterprises have not been accepted by the same batch."

A large a href= "//www.sjfzxm.com/news/index_s.asp" > brokerage firm < /a > Investment Banking Department told reporters.

< /p >