In the first quarter, the A-share IPO market saw both quantity and quality rising. Industries are actively "applying" for future development opportunities.

In the first quarter of 2026, the IPO market welcomed a group of "new forces". According to statistics, in the first quarter, a total of 30 companies completed their IPO listings on the A-share market, an increase of 3 compared to the same period last year; the IPO fundraising scale reached 25.879 billion yuan, an increase of nearly 60% year-on-year. The fundraising capability of individual IPO projects has significantly improved, mainly concentrated in new productive forces such as electronics, high-end equipment, new materials, and new energy. "In the first quarter, the A-share IPO market continued its normalized issuance pace, shifting from quantity expansion to quality screening phase, which is highly in line with the national strategy of self-reliance and self-improvement in science and technology." Tian Lihui, a finance professor at Nankai University, believes that this is a positive signal of steady recovery of financing functions and the benign cycle of investment and financing.