Founder Securities' latest research report reveals that since 2025, the number of A-share IPO applications has surged to 179. This includes 32 applications on the Shanghai Stock Exchange, 32 on the Shenzhen Stock Exchange, and 115 on the Beijing Stock Exchange, marking a staggering 459.4% increase from the 32 applications recorded during the same period last year. This significant uptick underscores a notable acceleration in the processing of A-share IPO applications. When compared to the 593 applications received during the corresponding period in 2023, the current pace of new share issuance appears more steady, with a renewed emphasis on high-quality development.

Furthermore, the number of newly listed companies on the Main Board in 2025 has reached 23, representing a robust year-on-year increase of 35.3%. This growth rate outpaces the overall expansion of newly listed companies, which stands at 15.8%. This data suggests that the recovery momentum for Main Board listings is outstripping that of the broader IPO market, indicating a heightened focus on mainstream market listings.