--- title: "The financing amount for A-share IPOs has returned to 100 billion" type: "News" locale: "en" url: "https://longbridge.com/en/news/267746602.md" description: "In 2025, the financing amount for A-share IPOs returned to over 100 billion, reaching 100.359 billion yuan, which is an increase compared to 2024, but still lower than the historical highs of 2021 and 2022. The main board contributed the most, with Huadian New Energy's IPO financing amount reaching 18.171 billion yuan. The financing amounts for the Sci-Tech Innovation Board and the Growth Enterprise Market were similar to those in 2024. The increase in IPO financing has boosted investment bank revenues, with five investment banks including Guotai Junan surpassing 10 billion yuan in sponsorship amounts. IPOs have significant implications for supporting the real economy and are expected to provide stronger capital momentum for industrial upgrades in the future" datetime: "2025-11-28T00:30:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/267746602.md) - [en](https://longbridge.com/en/news/267746602.md) - [zh-HK](https://longbridge.com/zh-HK/news/267746602.md) --- # The financing amount for A-share IPOs has returned to 100 billion With the increasing activity in the capital market, its supporting function for the real economy is being restored. **According to Wind data, as of the listing date, the IPO financing amount of A-shares reached 100.359 billion yuan in 2025 (January to November).** **This marks a return to the trillion-yuan scale for A-share IPO financing after falling below the 100 billion mark in 2024.** However, compared to the historical high of over 500 billion yuan in 2021 and 2022, this year's A-share IPO financing performance is not particularly outstanding. By sector, more than half of the IPO financing amount is mainly contributed by the main board, reaching 52.375 billion yuan, which has already surpassed the total main board IPO scale for the entire year of 2024. This is primarily driven by the main board company Huadian New Energy (600930.SH). As the only creator of a 10 billion yuan order this year, its IPO financing amount reached 18.171 billion yuan. During the same period, the IPO fundraising amounts for the Sci-Tech Innovation Board and the Growth Enterprise Market were 17.962 billion yuan and 23.273 billion yuan, respectively, which are similar to those in 2024. The growth in IPO financing has, to some extent, enhanced the earnings of investment banks. This year, a total of 5 investment banks had IPO sponsorship amounts exceeding 10 billion yuan, ranked from high to low as Guotai Junan, Huatai Securities, CITIC Securities, CICC, and CITIC Jianhua. As a core tool for direct financing in the capital market, IPOs support the real economy across multiple dimensions, including enterprise growth, industrial upgrading, and economic structure optimization. Its value is reflected not only in capital supply but also in promoting high-quality development of the real economy through multiple mechanisms such as capital empowerment, institutional constraints, and resource integration. In the future, as the multi-level capital market system improves, IPOs are expected to provide stronger capital momentum for the development of new productive forces and industrial upgrading. Risk Warning and Disclaimer The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk ### Related Stocks - [600930.CN](https://longbridge.com/en/quote/600930.CN.md) ## Related News & Research - [Nio to showcase ES9 chassis capabilities via live broadcast ahead of Q1 earnings release](https://longbridge.com/en/news/287022748.md) - [BYD Fang Cheng Bao hits 400,000 sales milestone despite production snags](https://longbridge.com/en/news/287011931.md) - [Fang Cheng Bao SUV delivery delays highlight BYD's manufacturing pressure amid tech transition](https://longbridge.com/en/news/286999045.md) - [Why Is Oklo Stock Surging On Wednesday?](https://longbridge.com/en/news/287096677.md) - [Micron's stock gets a boost. Are Samsung's problems helping?](https://longbridge.com/en/news/287092903.md)