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First IPO of the Year of the Horse Goes Public! Overall Approval Rate Exceeds 90% So Far This Year
According to the Shanghai Stock Exchange’s official website, on February 24, Shenghe Jingwei Semiconductor Co., Ltd., which plans to list on the STAR Market, passed the listing review committee’s deliberation, becoming the first A-share IPO candidate to pass the review in the Year of the Horse. Meanwhile, IPO reviews continue to move forward. As scheduled, the Beijing Stock Exchange will hold a listing committee meeting this Friday to review Hubei Longchen Technology Co., Ltd. Since the beginning of the year, the three major stock exchanges have collectively held 30 listing committee review meetings—including 16 at the BSE, 6 at the SSE, and 8 at the SZSE—reviewing a total of 24 companies seeking initial public offerings. Only two applications were deferred for voting, while all others were approved, resulting in an approval rate exceeding 90%. (Yicai)
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