Since the new TSRC took office in October 2017, IPO audits have strictly controlled the entry barrier. According to statistics from the 21th Data News Lab, the rate of meeting in the first half of 2018 was only 49.15%, compared with 81.45% in the same period of last year.
The meeting rate is less than 50%
In the first half of this year, the appraisal and approving committee audited a total of 118 enterprises, a decrease of 57% compared with the first half of last year; 58 members had a meeting, the passing rate was only 49.15%, less than half, a decrease of 32% compared with the same period of last year.
In addition, in the first half of the year, 44 were rejected, 6 were put on hold, 10 were canceled, and the IPO rate was 37.29%, which was an increase of 1.8 compared with the previous 13.86% overall veto rate in the first half of 2017. Times.
On average, 9.6 households were approved in the first half of the month, and 7 were dropped.
GEM was the most
Judging from the listing boards of 58 projects that passed through the project, the number of main boards passed through was 37, which was over 60%; followed by GEM and SME boards, which were 11 and 10 respectively.
Judging from the distribution of 43 projects, there are 20 main boards, 18 GEM boards, and 6 medium and small boards.
Among them, the rate of GEM was over 50%! Of the 33 IPO companies, 18 failed to pass the audit, accounting for 54.5%. The rates of motherboards and small and medium-sized boards were 29.9% and 33.3% respectively.
12 brokers sponsored 0 pass
According to the statistics of 21 data news labs, CITIC Securities ranked first in the first half of 2017: the largest number of participating projects (15 cases) and the largest number of companies (8). However, there are also 3 companies that have been debuted.
It is worth noting that many of the sponsoring brokers' initial launches have been at a high rate. The most popular ones were China Merchants Securities (6 companies), Haitong Securities (4 companies) and China CITIC Jiantou (4 companies).
According to statistics of 21 data news labs, including 12 securities companies, including Minsheng Securities, Tianfeng Securities, and Guoyuan Securities, no IPO projects were successfully sponsored during this period.
On the contrary, 12 brokerages such as Huatai Joint (4 conferences), Zhejiang Securities (2 conferences), and Goldman Sachs Gao Hua (2 conferences) sponsored the approval rate of 100%. Among them, Huatai United is one of the leading underwriters of WuXi PharmaTech. Goldman Sachs Gao Hua is one of the leading underwriters in the era of Ningde.
The "Macro" Foxconn underwriting broker CICC, the first six IPO projects, through Foxconn, including 4, the rate of 67%. In addition, two companies, one to suspend voting, one to cancel the audit.
▽ Pass rate of IPO project broker sponsors in the first half of 2018