Optimize sectors, reduce fundraising, over 40 companies change course to re-attempt IPO.

Since the beginning of the year, against the backdrop of the overall warming up of the IPO market, a group of familiar figures have once again appeared in the "exam room" of listing review. According to a preliminary statistics by Shanghai Securities News, more than 40 companies have chosen to make a new attempt at listing on the A-share market after their previous IPO applications were withdrawn. Overall, it seems that these companies are well prepared for their IPO attempts. In terms of sector selection, most companies that failed to list on the Shanghai and Shenzhen markets in their initial application have turned their focus to the Beijing Stock Exchange in their new attempts; a few companies have switched from the Science and Technology Innovation Board to the main board or the Growth Enterprise Market. In terms of fundraising, many companies have lowered their fundraising targets or reduced their investment projects for their new IPO applications. Some investment bankers interviewed by reporters have indicated that companies with significant fluctuating performance or inadequate self-regulation are likely to withdraw from the listing process during the review and inquiry stage, only to return to apply for listing when they are better prepared. Companies making a new IPO attempt usually reassess the capital market environment, sector positioning, and business performance before doing so. Some companies also refer to the previous inquiry points, optimize their operational situation, and then make a fresh attempt at listing in a better condition.