As of the end of January 2024, there are multiple data** on the number of companies in China's IPO queue waiting for listing review, and there are certain differences in the number. There are data showing that there are a total of 635 queuing enterprises, and there are data pointing out that the queuing enterprises have reached 681, and there are statistics showing that there are a total of 710 queuing enterprises. This is due to differences in statistical time, statistical caliber, and other factors.
Regarding the progress of the review, it usually includes multiple links such as acceptance, review, feedback, revision, and retrial. After submitting an IPO application, an enterprise needs to undergo a rigorous review by the stock exchange or the China Securities Regulatory Commission, including a comprehensive assessment of the company's financial status, governance structure, business prospects, etc. During the audit process, if it is found that the enterprise has problems or needs supplementary materials, feedback will be sent to the enterprise, and the enterprise needs to modify and improve according to the feedback. It is then submitted again for review until a decision is passed or rejected.
However, the specific progress of the audit needs to refer to the announcements and official data of the relevant regulatory authorities. Due to the multiple steps involved in the IPO review process and the large number of companies, it is not possible to provide a specific review progress for each company. Generally speaking, regulators will regularly publish the overall status of IPO reviews and the audit results of some enterprises, but the specific review progress of each enterprise may need to be understood based on public information and the company's own announcements.
In addition, the speed and approval rate of IPO review will be affected by a variety of factors, including market environment, policy changes, corporate quality, etc. Therefore, in order to understand the progress of the IPO review, it is necessary to pay attention to the dynamics and relevant data of the regulators, and analyze them in combination with the situation of specific enterprises.