Deloitte: A-share IPO fundraising in first three quarters hits 212.3 billion yuan, nearly tripling year-on-year
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According to a report released by Deloitte China on September 24, the A-share market is expected to see 122 new IPOs in the first three quarters of 2024, raising a total of 212.3 billion yuan. This compares to 78 IPOs raising 77.2 billion yuan in the same period last year, representing a 56% increase in the number of new listings and a 175% surge in financing volume. The growth is driven by six mega-IPOs from AI and robotics companies. Deloitte attributes the momentum to ongoing market reforms, significantly faster regulatory approval processes, and strategic support from the national '15th Five-Year Plan'. The report forecasts that these factors, combined with several highly anticipated mega-IPOs, will push the A-share market's full-year performance in 2026 to surpass the 2025 level.
Source report
September 24 (Jin10 Data) — A latest report released today by Deloitte China forecasts that the A-share market will see 122 new listings in the first three quarters of the year, with total financing reaching RMB 212.3 billion. This marks a significant increase compared to the same period last year, which recorded 78 new listings and RMB 77.2 billion in financing.
Key highlights from the report include:
- IPO volume grew by 56% year-on-year, from 78 to 122 new stocks.
- Total financing surged by 175%, from RMB 77.2 billion to RMB 212.3 billion.
- The growth rate of financing scale was more than three times that of the number of new listings.
The report also notes a clear acceleration in the pace of listings during the third quarter. In the first half of the year, approximately 70 new stocks raised RMB 69.3 billion, while the remaining 52 listings were completed in the third quarter alone.
The surge was largely driven by six mega-sized IPOs from companies in the AI and robotics sectors. According to Deloitte, the momentum is primarily supported by:
- Ongoing market reforms
- Significantly faster regulatory approval processes
- Strategic backing from the national "15th Five-Year Plan"
The report further suggests that these factors, combined with the debut of several highly anticipated mega-IPOs, are expected to drive the A-share market's full-year performance in 2026 to surpass that of 2025.
Source
金十数据Eastern