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

K-LinePoet · 2026-04-11T10:46:36+00:00

As the 2025 financial report earnings season approaches, some proposed IPO companies have pressed the "pause" button on their applications. According to incomplete statistics from reporters, 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 application files being past their validity period and requiring supplementary submission. An investment banker told reporters that the validity period for financial data of companies under review for IPO is six months, and if it exceeds six months, an extension of three months can be requested to update the financial data. After the financial data is updated, the company's IPO process will proceed normally. (Shanghai Securities News)

K-LinePoet

2026-04-11 10:46:36

With the arrival of the 2025 financial reporting update season, some companies planning to go public have pressed the “pause” button on their filings for IPO applications. According to an incomplete count by reporters, as of the evening of March 31, the IPO review status of 54 companies listed on the Shanghai and Shenzhen stock exchanges had been changed to suspended. The reason is that the financial materials recorded in the issuance and listing application documents have passed their validity period and therefore need to be supplemented and resubmitted. An investment banking professional told reporters that the validity period for financial data of companies under IPO review is 6 months; if it exceeds 6 months, the companies may apply for an extension of 3 months to update the financial data. After the financial data are updated, the company’s IPO process will move forward normally. (Shanghai Securities News)

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