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Statistics from Xinhua Finance and Bread Finance show that from January to November 2023, a total of 52 new stocks were listed on the main boards of Shanghai and Shenzhen, with a total amount of about 68.1 billion yuan, and the number of issuances and the scale of funds raised decreased year-on-year. The total amount raised by Shaanxi Energy and Huaqin Technology exceeded 5 billion yuan, and the scale was high.
Most IPOs on the Main Board have a share price on the first day of listing**. Among them, Belden Energy's share price exceeded 750% on the first day of listing, the largest increase. Haitong Development and Huaqin Technology broke on the first day of listing, with declines respectively. 29%。
In terms of underwriters, in the first 11 months of 2023, the number of projects underwritten by CITIC** and Guotai Junan** ranked first, with 8 and 6 respectively. From the perspective of the scale of fundraising, the total number of projects underwritten by CITIC ** exceeded 23 billion yuan, and the project scale of CICC, Western ** and Guotai Junan** exceeded 7 billion yuan.
In the first 11 months, the scale of new shares issued decreased by 48% year-on-year
According to statistics, from January to November 2023, a total of 52 new stocks were listed on the main boards of Shanghai and Shenzhen, with a total amount of about 68.1 billion yuan, and the number of issuances and the scale of funds raised decreased by about % year-on-year, respectively, and the two indicators declined for two consecutive years.
Judging from the monthly data, the main board new listings are mainly concentrated from February to April 2023, and the number of new listings in June and July is the lowest.
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Figure 1: Trend of IPOs on the Main Board from January to November 2023.
Among the new shares that completed the initial listing in the first 11 months of 2023, Shaanxi Energy raised a total of 7.2 billion yuan in the initial offering, the largest scaleHuaqin Technology ranked second, with a total amount of about 585.2 billion yuan. In addition, Suneng shares and CITIC Metal raised more than 3 billion yuan.
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Figure 2: Partial number of new listings on the Main Board from January to November 2023
Judging from the issue share price, the issue price of Huaqin Technology is 80$8 shares, the highest among the main board new listings in the first 11 months of 2023**. In addition, the issue price of 4 new stocks, including Duoli Technology and Jinhaitong, exceeded 50 yuan shares, which was relatively high.
First-day performance: The highest closing price rose 750%, Haitong Development and Huaqin Technology broke down
Most of the Main Board IPOs have a share price on the first day of listing**. Among them, Belden Energy's share price rose the most on the first day of listing** by more than 750%. Nine new stocks, including China Power Port and Shanghai Auto Parts, rose by more than 100% on the first day of listing.
Belden Energy's issuance** is 456 yuan shares, the issue price-earnings ratio is 2099 times, the average static P/E ratio of the industry is about 2155 times. In November 2023, Belden Energy was listed on the main board, with an opening price of 38 yuan on the first day and closing at 38 yuan after hours$9 shares. Subsequently, Belden Energy's share price fluctuated**, falling as low as 2245 yuan shares, which is still significantly higher than the issue price.
In the first 11 months, only 2 new stocks on the main board broke on the first day of listing, and the breakage rate of new shares on the main board was significantly lower than that of the science and technology innovation board and the growth enterprise board.
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Figure 3: New listings on the Main Board that broke on the first day of listing from January to November 2023.
The issue price of Haitong Development is 3725 yuan shares, the inquiry stage **most** is 38$25 shares. On March 29, the company went public for the first time, and the stock price reached a maximum of 38 on the same day99 yuan shares, ** broken 1181%。Up to now, Haitong Development is still in a state of deep breakdown.
The issue price of Huaqin Technology is 808 yuan shares, the first day of listing ** price broke 929%。The company's share price climbed sharply in October, reaching a high of 8525 yuan shares, recently fell back to below the issuance **.
CITIC** and Guotai Junan lead in the number of underwriting
Among the new shares listed on the main board from January to November 2023, CITIC** has 8 lead underwriting projects, the largest number among similar brokerages. Guotai Junan** followed closely behind, with 6 projects as the lead underwriter, and 4 institutions such as China Securities Construction Investment ** and Haitong ** led the number of underwriting projects reached 4.
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Figure 4: Lead underwriters of IPOs on the Main Board from January to November 2023.
From the perspective of the scale of fundraising, the total number of projects underwritten by CITIC ** exceeded 23 billion yuan, and the project scale of CICC, Western ** and Guotai Junan** exceeded 7 billion yuan.
Look at the new stocks] is a column jointly created by Xinhua Finance and Bread Finance with the interpretation of new stocks and sub-new stocks as the main content. Xinhua Finance is a national financial information platform undertaken by Xinhua News Agency, which comprehensively covers the global financial markets, such as foreign exchange markets and bond markets, and provides authoritative, professional and comprehensive financial information services.
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