As 2024 is coming to an end, international accounting firm Deloitte predicts that the total number of new stock listings in China’s A-share market will drop by 68% compared to the previous year, with the financing amount from new stocks decreasing by 80%, and there will be no super large-scale issuances.
On December 18, Deloitte’s China Capital Markets Services released a report reviewing the Chinese mainland and Hong Kong new stock markets in 2024 and providing outlook for 2025.
The report shows that globally, the number and scale of new stock listings in the Indian market unusually ranked first among major stock exchanges worldwide; the U.S. Nasdaq and NYSE ranked second and third respectively; while the Hong Kong Stock Exchange ranked fourth, with the financing amounts from the Shanghai and Shenzhen stock exchanges in mainland China ranking sixth and eighth respectively.
According to data from Wind, as of December 18, there were a total of 95 new listings on the A-share market in 2024, raising a total of 61.438 billion yuan; in the full year of 2023, 313 new stocks were issued with total financing of 356.54 billion yuan.
Deloitte predicts that in 2024, there will be 101 new A-share listings, raising a total of 68 billion yuan in financing, marking a decrease of 68% and 81% respectively compared to 2023.
Reported by “Caijing,” not only has the number of new stocks decreased in 2024, but also there were no super large-scale IPOs (50 billion yuan or more) in the A-share market. In 2023, there were 7 companies raising more than 50 billion yuan, while in 2022 there were a total of 11, and in 2021 and 2020 there were 8 and 7 respectively.