4hw.com.cn: yesterday, the development and Examination Commission reviewed the IPO applications of five enterprises. The audit results show that two passed, two were rejected and one was suspended from voting. In addition, due to the withdrawal of application materials of one enterprise before the meeting, the IEC decided to cancel the examination of the initial application of the enterprise.
At the same time, the number of enterprises that terminate the application is also increasing: according to the latest data released by the Shanghai Stock Exchange, as of April 13, the CSRC announced a total of 128 enterprises that terminated the review in 2018, including 47 from the Shanghai Stock Exchange and 81 from the Shenzhen Stock Exchange (22 from the SME board and 59 from the GEM).
With regard to the substantial increase in the number of IPO queuing companies that have terminated the review, an investment banker from East China said that one of the reasons for the large number of IPO queuing companies withdrawing their application materials was the pressure brought by on-site inspection.
According to a person close to the regulatory level, in recent years, the CSRC's on-site inspection of the proposed IPO enterprises has been increasing. The vast majority of these inspections are carried out by agencies.
'the arrangement of on-site inspection system has played a role in improving the quality of listed companies and deterring intermediary organizations. "Said those close to regulators.
At the same time, the number of new newspaper companies did not increase significantly. Statistics show that as of April 13, 14 new newspaper companies have been added this year, including 6 in Shanghai Stock Exchange, 2 in Shenzhen Stock Exchange's small and medium-sized board and 6 in gem.
The number is down sharply from the same period last year. According to the data previously published by Shanghai Stock Exchange, from January 1 to April 14, 2017, the number of newly added companies was 57, including 28 Shanghai Stock Exchange and 29 Shenzhen Stock Exchange (3 small and medium-sized boards and 26 GEM).
The number of newspaper companies has been greatly reduced, which further alleviates the problem of IPO "barrier lake". Statistics show that as of April 13, the CSRC has announced 333 initial reporting enterprises on the main board, the small and medium-sized board and the growth enterprise board on a weekly basis, including 165 on the Shanghai Stock Exchange and 168 on the Shenzhen Stock Exchange (49 on the small and medium-sized board and 119 on the growth enterprise board).
It is worth noting that while the number of queuing enterprises is decreasing, the support for the "four new" enterprises is increasing. On April 14, Wuxi yaomingkant new drug development Co., Ltd. received the IPO approval. This time node is only 50 days away from the company's pre disclosure and update of the prospectus in early February this year.