June IPO applications reach record high. Industry insiders expect the number of IPO applications to be higher than last year.

The IPO acceptance has seen the first small peak of the year, according to public information. As of June 23, the number of IPO acceptances in June has reached 34, setting a new monthly record for the year. In terms of exchange distribution, the Beijing Stock Exchange has become the main acceptance venue, with a total of 17 listings; the Shanghai Stock Exchange and the Shenzhen Stock Exchange have accepted 9 and 8 listings respectively. Senior investment bank executives have stated that June is typically a period of concentrated acceptance for IPO applications each year. In 2024, due to the market being in a "de-stocking" phase, there has been a significant decrease in overall application numbers, which is considered abnormal fluctuations. This year's IPO numbers have increased compared to last year, but are still relatively low when compared to earlier years. When discussing expectations for IPO acceptance for the year, industry insiders believe that the pace of acceptance and listings is closely related to market conditions. When the market is bullish, the number of acceptances and listings will increase. Based on the number of IPOs and market performance so far this year, there should be an increase in listings.