Investor Presentaiton
A-share IPO market: 2023 highlights
The A-share IPO market
noticeably slowed down in
2023, yet it continued to top the
ranking in global exchanges
$ RMB373.9B
Total Funds Raised
A-share IPO stock exchange distribution
Shanghai Stock Exchange
STAR Market
2023:
2022:
RMB 66.9B
RMB 145.1B
41 deals
40 deals
2023:
2022:
RMB 143.9B
67 deals
RMB 252.7B
123 deals
Shenzhen Stock Exchange
2023: RMB 25.8B
23 deals
2022: RMB 39.6B
43 deals
ChiNext
2023:
2022:
RMB 122.3B
110 deals
RMB 179.6B
148 deals
Beijing Stock Exchange
Decrease of ~40% compared to 2022
2023:
2022:
RMB 15.0B
RMB 16.9B
77 deals
83 deals
318
Completed IPOS
Decrease of 30% compared to 2022
RMB1.18B
Average Deal Size
Decrease of -20% compared to 2022
A-share IPO funds raised by quarter
(RMB'B)
A-share IPO sector distribution by funds raised
146
114
Others
78
36
71 deals
Q1
106 deals
Q2
91 deals
Q3
50 deals
Q4
ENR
6%
[1
Industrials
41%
TMT
Slowdown in listings starting from the 3rd quarter
35%
Sources: All analysis is based on WIND data and included REIT deals as of 31 December 2023.
KPMG
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Chinese Mainland and Hong Kong IPO markets | 8View entire presentation