Multiple companies' IPOs are halted, but the listing process has not been terminated.

MetaMuskRat · 2026-04-01T03:42:31+00:00

As the 2025 earnings report update season approaches, several companies planning to go public have paused their applications. As of March 31,, 54 companies have suspended their review due to invalid financial data and need to update their information to continue the IPO process.

MetaMuskRat

2026-04-01 03:42:31

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People’s Finance and News, April 1—With the arrival of the 2025 financial reporting update season, some companies preparing to go public have pressed the “pause button” on their filings. According to an incomplete count by our reporter, as of the evening of March 31, 54 companies on the Shanghai and Shenzhen stock exchanges had seen their IPO review status change to suspended. The reason is that the financial materials recorded in the application documents for the issuance and listing have exceeded their validity period and need to be supplemented and resubmitted. One investment banking professional told our reporter that the validity period of financial data for IPO companies under review is 6 months; if it exceeds 6 months, they can apply for an extension of 3 months to update the financial data. After the financial data is updated, the company’s IPO process will be advanced normally. (Shanghai Securities News)

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