Mainland China IPOs Nearly Double in 2025
Public listing of shares rebounded in mainland China last year amid the easing of curbs by the local regulator.
Initial public offerings (IPO) in mainland China – including those from exchanges in Shanghai, Shenzhen and Beijing – saw 115 companies raise 128 billion yuan ($18.3 billion) in 2025, according to Bloomberg data. This nearly doubled year-on-year compared to 67.4 billion yuan in 2024.
The surge occurred in the midst of easing by the China Securities Regulatory Commission (CSRC). After slowing down approvals in 2024, CSRC rolled back curbs on new listings and resumed approval for pre-profit tech firms. Several high-profile companies subsequently listed, including chip makers Moore Threads Technology and MetaX Integrated Circuits.
China’s listing rebound occurred in parallel with Hong Kong, which reclaimed the throne as the world’s leading IPO venue in 2025 after raising HK$285.8 billion ($36.7 billion).
