According to panoramic data monitoring, as of June 25, there were a total of 828 companies under review for IPO information disclosure, of which 192 were on the A-share main board (the main board of the Shanghai Stock Exchange and the main board of the Shenzhen Stock Exchange), and a total of 580 were on the SSE Science and Technology Innovation Board and the Shenzhen Stock Exchange GEM. , 56 selected floors of the New Third Board。
The number of A-share IPOs doubled in the first half of the year
On June 24, Ernst & Young released the “Mainland China and Hong Kong IPO Market” report. In the first half of 2021,China is still the world’s main listing place, and IPO activities have maintained growth compared with the same period last year, accounting for 29% and 29% of the number of global IPOs and funding.
It is worth noting that the number of A-share IPOs doubled in the first half of the year. In the first half of 2021, the A-share market is expected to have a total of 247 companies IPO, raising 211.8 billion yuan, and the number of IPOs and the amount of funds raised respectively increased by 109% and 52% year-on-year. With the accelerated economic recovery and the implementation of the registration system in the post-epidemic era, the A-share market ushered in a new development in the first half of the year. In the first half of 2021, the number of registered IPOs and the amount of funds raised both exceed those of the approved system. The number of IPOs and the amount of funds raised accounted for 70% and 59% respectively. The number of IPOs on the Growth Enterprise Market and the Sci-Tech Innovation Board ranked first and second; The highest amount, accounting for 35% of all IPOs.
From an industry perspective, the number of IPOs and the amount of funds raised in the industrial industry ranks first, and the number of IPOs and the amount of funds raised in the technology, media and communications (TMT) industry ranks second. Same as last year, the number of IPOs and the amount of funds raised by financial companies continued to be low. In the first half of 2021, only 4 financial companies were listed on A-shares, and both the number of IPOs and the amount of funds raised fell out of the top five.
Geely terminates IPO, “seeking another way out”
On June 25th, Geely Automobile Technology Innovation Board withdrew its application for issuance and listing.
Geely Automobile submitted its IPO documents on the Sci-tech Innovation Board on September 1, 2020 and withdrew it voluntarily after 297 days. The Shanghai Stock Exchange has decided to terminate the review of its initial public offering and listing on the Sci-Tech Innovation Board.
At the same time, Geely Automobile also announced on the same day that the board of directors of its subsidiary JiKr Intelligent Technology Holdings Co., Ltd. (hereinafter referred to as “KryR Smart Technology”) has decided to explore different external financing solutions for the sustainable development of JiKr Intelligent Technology.
Geely Automobile stated that the group’s business is operating well, and the withdrawal of the proposed application for listing of RMB shares on the Science and Technology Innovation Board will not have any material adverse impact on the financial condition or operations of the Group. When the relevant conditions are mature, the company will actively promote the listing of RMB shares.
It is reported that the Hong Kong stocks of Geely Group went public on May 10, 2005. According to Geely’s 2020 annual report, the company’s total operating revenue in 2020 totaled 92.114 billion yuan, which was a decrease of 5% compared to the 97.401 billion yuan in 2019; the net profit was 5.575 billion yuan, which was a decline from 8.261 billion yuan in 2019. 33%.
Daily excellent fresh breaks and closes down 25%
Daily Youxian was officially listed on the Nasdaq on Friday. It dropped 18% on the first day of listing, with an opening price of US$10.65 and an IPO price of US$13. Since then, the decline has further widened to about 30%, and the intraday stock price hit 8.12. The US dollar remained low and fluctuated in late trading, and the stock price rose near the close.
As of the close, the company’s share price was reported at 9.66 US dollars, a decrease of 25.69%, and the market value was 2.274 billion US dollars.
On June 9th, Daily Youxian submitted a prospectus in the United States and plans to be listed on NASDAQ under the stock code “MF”. JPMorgan Chase, Citigroup,CICC, China Renaissance Capital, ICBC International, Needham, Futu Holdings, and Tiger Securities are the underwriters of the IPO.
On June 22, Daily Youxian updated its IPO application documents, setting its IPO price range between 13 and 16 US dollars per share. The IPO issuance price is located in the pricing prospectus. Daily Youxian’s 2020 net revenue will reach 6.13304 billion yuan, the net loss will be 1.649 billion yuan, and the adjusted net loss (non-GAAP standard) will be 1.5897 billion yuan.
The prospectus also shows that its GMV (Total Commodity Transactions) has increased from 4.725.9 billion yuan in 2018 to 7.61147 billion yuan in 2020, a compound annual growth rate of 26.9%. Gross profit margin increased from 8.6% in 2018 to 19.4% in 2020.
In terms of equity, Xu Zheng, the founder, chairman and CEO of Daily Youxian, holds 15.3% of the shares and 74.1% of the voting rights. Daily Youxian’s management holds 20.2% of the shares and has 75.6% of the voting rights. Tiger Global Fund holds 12.4% of the shares and has 3.8% of the voting rights, and Tencent holds 8.1% of the shares and has 2.5% of the voting rights.
IPO market dynamics this week
A-share main board
According to public data from the China Securities Regulatory Commission, as of June 25, a total of 192 companies (Main Board of the Shanghai Stock Exchange and the Main Board of the Shenzhen Stock Exchange) had disclosed IPO information.
68The status of companies is pre-disclosed and updated, with the highest proportion
According to the latest data from the China Securities Regulatory Commission, up to now, the pre-disclosure update accounted for the highest proportion, with a total of 80 companies, accounting for 41.67%; followed by 61 companies, accounting for 31.77%.
Science and Technology Innovation Board and ChiNext
As of June 25, a total of 580 companies had disclosed IPO information.
Inquired company231Home
According to public data on the websites of the Shanghai Stock Exchange and the Shenzhen Stock Exchange, up to now, 260 companies have inquired, accounting for 44.83%, and 109 companies have submitted registration, accounting for 18.79%.
New Third Board Featured Layer
As of June 25, according to public data on the website of the National Small and Medium-sized Enterprise Share Transfer System, a total of 56 NEEQ selected enterprises have disclosed IPO information.
The proportion of enterprises that have been inquired is65.38%
According to public data on the National Small and Medium-sized Enterprise Share Transfer System website, up to now, 32 companies have been inquired, accounting for 57.14%, and 4 approved, accounting for 7.14%.
IPO news next week
Next week (June 26-July 2), there will be 9 companies that will accept IPO review, 6 on the Growth Enterprise Market and 3 on the Science and Technology Innovation Board.
According to the IPO arrangement, there will be 9 IPO subscriptions for A shares next week.
At the same time, there will be 3 new stocks listed for trading next week.Technological University of Technology（688367）、Ningbo Masterbatch（301019、Lixinwei（688601）。
Written by: Sun Fei
Arrangement: Sun Fei
Review: Zhang Ling
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