How many IPOs were there in China in 2025?

116 companies listed in China in 2025 (SPACs left out), raising $18.0B in total. The median first-day move was +225.0%, and 88% of those with a price trade above their offer price as of 7 Nov 2026.

Which China IPOs are coming up?

As of 7 Nov 2026: 钶锐锶 (date not set); 菊乐股份 (allotment: 9 Nov 2026).

How have China IPOs done in 2026?

134 listings to 7 Nov 2026: median first-day move +178.0% across the 134 with a recorded first close, and median return since offer +130.0%.

China IPOs: calendar, recent listings and history

Upcoming China IPOs, the latest listings and how they have traded since, and every China IPO since 2021 year by year.

Data as of 7 Nov 2026.

Live China deals in the IPO monitor China IPOs by year China stock market

As of 7 Nov 2026, the IPO monitor lists 61 China deals (SPACs left out). By stage: 1 closed, 1 allotted and 59 recently listed.
Next scheduled step: 钶锐锶, date not set; 2 deals have books open or a dated step in the 30 days from 7 Nov 2026.
44 China companies listed in the 90 days to 7 Nov 2026 (11 in the last 30); 95% of the 22 with a TradingView price trade above their offer price, and the median return since offer is +167.4%.
In 2025, 116 China companies listed, raising $18.0B; the median first-day move (first close against the offer price) was +225.0% across the 116 with a recorded first close.
2026 to 7 Nov 2026: 134 listings, against 92 by the same date in 2025.

Upcoming China IPOs: the next 30 days (2)

Company	Exchange · ticker	Status	Next step	Price band / issue price	Deal size	Demand
钶锐锶	SSE · 688827	Allotted	date not set	CN¥45.37	$116M	institutional 6,146×, public 4,725×
菊乐股份	BJSE · 920309 (SME)	Closed	allotment: 9 Nov 2026	CN¥31.92	$56.2M	public 3,526×

Recent China listings: the last 90 days (44)

Company	Exchange · ticker	Listed	Issue price	Deal size	First-day move	Since offer	Last close
森峰激光	BJSE · 920085 (SME)	6 Nov 2026	CN¥17.79	$50.6M	n/a	n/a	n/a
Crown New Materials Techn Co L 皇冠新材	SZSE · 001381	3 Nov 2026	CN¥16.98	$143M	n/a	+178.7%	CN¥47.33 (6 Nov 2026)
天元重工	BJSE · 920306 (SME)	29 Oct 2026	CN¥4.48	$28.7M	n/a	n/a	n/a
远大健科	BJSE · 920285 (SME)	23 Oct 2026	CN¥20.30	$54.7M	n/a	n/a	n/a
Tozed Kangwei Tech Co., Ltd. 通则康威	SZSE · 301718	22 Oct 2026	CN¥26.88	$147M	+171.5%	+78.2%	CN¥47.90 (6 Nov 2026)
文峰光电	BJSE · 920296 (SME)	21 Oct 2026	CN¥11.45	$34.3M	n/a	n/a	n/a
南方乳业	BJSE · 920196 (SME)	16 Oct 2026	CN¥14.21	$74.9M	n/a	n/a	n/a
Novast Laboratories, Limited 联亚药业	SZSE · 301569	15 Oct 2026	CN¥7	$140M	+401.7%	+175.3%	CN¥19.27 (6 Nov 2026)
莫森泰克	BJSE · 920162 (SME)	15 Oct 2026	CN¥17.37	$44.2M	n/a	n/a	n/a
CanSemi Technology Inc. 粤芯半导体	SZSE · 301660	13 Oct 2026	CN¥12.01	$922M	+223.1%	+128.1%	CN¥27.40 (6 Nov 2026)
宇特光电	BJSE · 920157 (SME)	9 Oct 2026	CN¥13.75	$36.4M	n/a	n/a	n/a
Lygend Resources & Technology Co., Ltd. 力勤资源	SZSE · 001246	30 Sep 2026	CN¥21.23	$550M	n/a	+41.5%	CN¥30.04 (6 Nov 2026)
Shenzhen HFC Co., Ltd. 鸿富诚	SZSE · 301716	29 Sep 2026	CN¥76.86	$216M	n/a	+355.4%	CN¥350 (6 Nov 2026)
安达股份	BJSE · 920202 (SME)	29 Sep 2026	CN¥7.55	$31.7M	n/a	n/a	n/a
百瑞吉	BJSE · 920201 (SME)	24 Sep 2026	CN¥16.77	$20.7M	n/a	n/a	n/a
凯达重工	BJSE · 920025 (SME)	23 Sep 2026	CN¥4.26	$38.3M	n/a	n/a	n/a
Guangdong Sinoplast Advanced Material Co., Ltd. 中塑股份	SZSE · 301686	22 Sep 2026	CN¥55.28	$102M	n/a	+135.2%	CN¥130 (6 Nov 2026)
世纪数码	BJSE · 920229 (SME)	22 Sep 2026	CN¥15.67	$25.8M	n/a	n/a	n/a
Shengu Group Co Ltd 沈鼓集团	SSE · 601091	17 Sep 2026	CN¥4.39	$205M	n/a	+305.9%	CN¥17.82 (6 Nov 2026)
Evopoint Biosciences Co Ltd 信诺维	SSE · 688837	16 Sep 2026	CN¥27.60	$270M	n/a	+43.1%	CN¥39.50 (6 Nov 2026)
腾信精密	BJSE · 920298 (SME)	16 Sep 2026	CN¥35.78	$96.5M	n/a	n/a	n/a
Shanghai Enflame Technology Co Ltd 燧原科技	SSE · 688801	11 Sep 2026	CN¥142.18	$917M	n/a	+159.6%	CN¥369.09 (6 Nov 2026)
Ceyear Technologies Co., Ltd. 电科思仪	SZSE · 301689	10 Sep 2026	CN¥16	$245M	n/a	+197.3%	CN¥47.57 (6 Nov 2026)
Luoyang Bearing Group Co., Ltd. 洛轴股份	SZSE · 301699	9 Sep 2026	CN¥15.88	$295M	n/a	+100.1%	CN¥31.78 (6 Nov 2026)
百迈科	BJSE · 920268 (SME)	9 Sep 2026	CN¥17.10	$34.7M	n/a	n/a	n/a
Temb Intelligent Tech Shandong Co 天博智能	SSE · 603448	7 Sep 2026	CN¥62.65	$282M	n/a	-15.7%	CN¥52.82 (6 Nov 2026)
杰锋动力	BJSE · 920269 (SME)	7 Sep 2026	CN¥30.70	$48.2M	n/a	n/a	n/a
华汇智能	BJSE · 920289 (SME)	4 Sep 2026	CN¥17.71	$45.1M	n/a	n/a	n/a
金钛股份	BJSE · 920071 (SME)	3 Sep 2026	CN¥9.72	$65.5M	n/a	n/a	n/a
Hangzhou Grascent Co., Ltd. 格林生物	SZSE · 301688	2 Sep 2026	CN¥26.33	$131M	n/a	+36.7%	CN¥36 (6 Nov 2026)
Fujian Makeng Mining Co Ltd. 马矿股份	SSE · 601123	1 Sep 2026	CN¥6.65	$123M	n/a	+124.1%	CN¥14.90 (6 Nov 2026)
Suzhou Betely Polymer Materials Co., Ltd. 贝特利	SZSE · 301697	1 Sep 2026	CN¥12.10	$119M	n/a	+202.5%	CN¥36.60 (6 Nov 2026)
华大海天	BJSE · 920288 (SME)	28 Aug 2026	CN¥12.57	$33.7M	n/a	n/a	n/a
Jiangsu Gao Kai Precision Fluid 高凯技术	SSE · 688835	25 Aug 2026	CN¥61.36	$230M	n/a	+351.2%	CN¥276.84 (6 Nov 2026)
信胜科技	BJSE · 920093 (SME)	21 Aug 2026	CN¥14.35	$77.4M	n/a	n/a	n/a
Suzhou Lvkon Transmission Technology Co., Ltd. 绿控传动	SZSE · 301655	20 Aug 2026	CN¥8.50	$87.0M	n/a	+152.6%	CN¥21.47 (6 Nov 2026)
Yushu Technology Co., Ltd. 宇树科技	SSE · 688836	19 Aug 2026	CN¥150.80	$914M	n/a	+335.4%	CN¥656.62 (6 Nov 2026)
双英集团	BJSE · 920059 (SME)	19 Aug 2026	CN¥11.13	$63.4M	n/a	n/a	n/a
Shanghai Precilasers Technology Co. Ltd. 频准激光	SSE · 688826	18 Aug 2026	CN¥186.88	$280M	n/a	+191.9%	CN¥545.45 (6 Nov 2026)
恒兴股份	BJSE · 920107 (SME)	17 Aug 2026	CN¥16.02	$50.3M	n/a	n/a	n/a
杰理科技	BJSE · 920138 (SME)	12 Aug 2026	CN¥18.86	$93.2M	n/a	n/a	n/a
Chengdu Ultra Pure Applied Materials Co., Ltd. 超纯应材	SZSE · 301717	11 Aug 2026	CN¥65.99	$252M	n/a	+300.0%	CN¥263.94 (6 Nov 2026)
CIQTEK Co., Ltd. 国仪公司	SSE · 688828	11 Aug 2026	CN¥21.22	$127M	n/a	+227.5%	CN¥69.49 (6 Nov 2026)
珈凯生物	BJSE · 920165 (SME)	11 Aug 2026	CN¥19.26	$20.9M	n/a	n/a	n/a

China IPOs by year since 2021

Medians, not means: half the listings did better than each figure, half worse. First-day move = first close against the offer price; since offer = latest TradingView close against the offer price; 'above offer now' = share of listings with a price that trade above it. SPACs are left out.
Year	IPOs	On SME/GEM boards	Raised (USD)	Median deal	Median first-day move	Above offer now	Median since offer
2021	521	41	$83.6B	$84.0M	+87.4% (n=521)	73% (n=480)	+53.7%
2022	424	83	$86.9B	$125M	+26.0% (n=424)	59% (n=340)	+9.6%
2023	313	77	$50.0B	$119M	+39.6% (n=313)	57% (n=235)	+7.2%
2024	100	23	$9.23B	$76.2M	+166.5% (n=100)	86% (n=77)	+79.1%
2025	116	26	$18.0B	$84.0M	+225.0% (n=116)	88% (n=90)	+89.0%
2026 to 7 Nov 2026	134	69	$31.6B	$94.8M	+178.0% (n=134)	89% (n=65)	+130.0%

How to read these tables

Filed: registration filed; no terms or date yet.
Approved: cleared to list (effective registration, red-herring prospectus or exchange approval); books not open yet.
Open: books open: subscription or book-building is in progress.
Closed: books closed; pricing or allotment pending.
Allotted: shares allotted to applicants; listing pending.
Listed: trading; prices after listing are TradingView's.
Withdrawn: deal pulled.
Price band / issue price: the range the shares are offered in, or the final offer price once set.
Deal size: shares offered × offer price (band midpoint until priced; India at the band top; China's planned raise until priced), in US dollars.
Demand: how many times the shares on offer were bid for (subscription or oversubscription), or the market's own measure (Korea: institutional demand-forecast competition; China: online lottery hit rate, lower is hotter; Taiwan: Emerging Stock Board price before listing).
SPACs (blank-cheque shells that list to buy a company later) are left out, as on the live tab.

Questions

How many IPOs were there in China in 2025?: 116 companies listed in China in 2025 (SPACs left out), raising $18.0B in total. The median first-day move was +225.0%, and 88% of those with a price trade above their offer price as of 7 Nov 2026.
Which China IPOs are coming up?: As of 7 Nov 2026: 钶锐锶 (date not set); 菊乐股份 (allotment: 9 Nov 2026).
How have China IPOs done in 2026?: 134 listings to 7 Nov 2026: median first-day move +178.0% across the 134 with a recorded first close, and median return since offer +130.0%.

Other markets: United States · India · Hong Kong · Japan · Taiwan · South Korea · all IPOs. Calendars and terms come from the exchange and regulator lists; prices after listing from TradingView; feed as of 7 Nov 2026.