Shanghai Securities News: Multiple companies have suspended their IPOs, but the listing process has not been terminated.

NightAirdropper · 2026-04-01T01:03:11+00:00

With the arrival of the 2025 financial report earnings season, some companies planning to go public have pressed the "pause" button on their applications. According to incomplete statistics, as of the evening of March 31, 54 companies listed on the Shanghai and Shenzhen stock exchanges have had their IPO review status changed to "suspended" due to the financial documents in their issuance and listing applications being past their validity period and requiring supplementary submission. An investment banker stated that the financial data validity period for companies under review for IPO is six months, and if it exceeds six months, a three-month extension can be requested to update the financial data. Once the financial data is updated, the company's IPO process will proceed normally.

NightAirdropper

2026-04-01 01:03:11

With the arrival of the 2025 earnings report update season, some companies that are planning to go public have pressed the “pause button” on their filings. According to incomplete statistics, as of the evening of March 31, the Shanghai and Shenzhen stock exchanges had already seen 54 companies’ IPO review statuses changed to “terminated.” The reason is that the financial information recorded in the documents for the issuance and listing application has passed its validity period and needs to be supplemented and resubmitted. One investment banking industry insider said that for IPO companies under review, the validity period for financial data is 6 months; if it exceeds 6 months, the company can apply for an extension of 3 months to update the financial data. After the financial data is updated, the companies’ IPO process will proceed normally.

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