界面新闻记者 | 陈靖

zi2023nian8yue27rizhengjianhuitichu“jieduanxingshoujinipojiezou”yilai，2024nian，quanshangtouxingyewushounizhouqidiaojiezhengceyingxiang。

choicejinrongzhongduanxianshi，jiezhimuqian（12yue20ri），quannianjin94jiaqiyechenggongiposhangshi，rongziguimowei613.05yiyuan。jiao2023niantongqishujuxiangbi，shangshijiashuxiajiangle69.97%。

congdanyueshujulaikan，1yueshoufajiashu14jia，weinianneizuigao，muzijinegong118.83yiyuan。cihou，2、4、5、6、7、8、11、12yuejunweigeweishu，9、10yuechuxianxiaofuhuinuanqingkuang，ipoqiyeda10、11jia。

tongshi，shichangnianneiipochefoujiashuda432jia，chedanweizhuyaoyuanyin。you9jiaipobeizhongzhizhuce，chedanlvjiao2023niantongbizengzhang59.93%。

仅31家券商IPO有收成

choicejinrongzhongduanxianshi，2024niannei，jin31jiaquanshangipoxiangmuyoushoucheng，quanshangtouxingyewu“mataixiaoying”xianzhu。

paimingqian5quanshangnianneiipobaojianchengxiaoshouruheji20.90yiyuan，xingyezhanbida50.52%，paimingqian10quanshanggaishouruwei146.86yiyuan，xingyezhanbida76.94%。

zaiquanshangchengxiaobaojianshourufangmian，zhongxinzhengquan、huatailianhefenbieyi5.39yiyuan、4.70yiyuanweilieqianliangming。guotaijunan、zhongxinjiantou、haitongzhengquanfenbiepaizaidisanzhiwuwei，shixianipochengxiaobaojianshourufenbiewei4.01yiyuan、3.51yiyuanhe3.29yiyuan。

zhongjingongsi（2.76yiyuan）、minshengzhengquan（2.71yiyuan）、zhongtaizhengquan（2.52yiyuan）、zhaoshangzhengquan（1.70yiyuan）、guojinzhengquan（1.25yiyuan）weiliediliuzhidishiwei。

xiangjiaoquniantongqibutongshi，2024nianguoxinzhengquan（1.19yiyuan）diaochuqianshiweiliedishier；shenwanhongyuanchengxiaobaojianzexiahua19weipaizaidiershibawei。

guangfazhengquan（0.83yiyuan）buzuyiyuan，paimingdishisan。ciwai，haiyouxingyezhengquan（0.82yiyuan）、caitongzhengquan（0.45yiyuan）、dongwuzhengquan（0.37yiyuan）、guoyuanzhengquan（0.34yiyuan）、kaiyuanzhengquan（0.25yiyuan）、shangbuzuyiyuan。

保荐机构撤否率同期相比显著提高

quanmianzhucezhixia，quanshangipobaojianxiangmutongguolvyechengweijianguangaoduguanzhudianzhiyi。

chehuishuliangjiaoduodeyeshitouxingxiangmujiaoduodequanshang，youyuxiangmujishuda，yincichehuishuliangyexiangduijiaoduo。juchoicejinrongzhongduantongji，jiezhimuqian，nianneigongji63jiaquanshangyouchehuixiangmu。ipozhudongchehuijiashufangmian，zhongxinzhengquan（62jia）、zhongxinjiantou（50jia）、zhongjingongsi（32jia）、haitongzhengquan（32jia）、guojinzhengquan（31jia）、huatailianhe（28jia）、minshengzhengquan（27jia）、guotaijunan（20jia）、zhaoshangzhengquan（15jia）、shenwanhongyuanchengxiaobaojian（14jia）paimingweilieqianshi。

zaibaojianchao20jiadequanshangzhong，chefoulvzuigaodeweiguojinzhengquan（63.27%），ciwaifenbieweiminshengzhengquan（61.36%）、shenwanhongyuanzhengquanchengxiaobaojian（56.00%）、zhongjingongsi（55.17%）、zhongxinjiantouzhengquan（53.19%）、zhangjiangzhengquanchengxiaobaojian（52.38%）、huatailianhe（50.00%）、haitongzhengquan（49.23%）、zhongxinzhengquan（47.33%）、zhaoshangzhengquan（45.45%）、guotouzhengquan（41.94%）、guangfazhengquan（40.91%）、guoxinzhengquan（40.00%）、guotaijunan（36.21%），xiangjiaoquniantongqijunxianzhutigao。nenggoukanchu，yitiduiquanshangchehuilvdaduozai50%-60%zhijian。

zhongxiaoquanshangyinbaojianjiashujiaoxiao，chefoulvxiangduijiaogao。qizhong，zhongshanzhengquan、xinanzhengquan、jinyuanzhengquan、hualinzhengquan、xiangcaizhengquan、ruixinzhengquan、hengtaizhengquan、jinyuantongyi、huabaozhengquan、taipingyangzhengquanjunweibaojian1jiaqiye，chehui1jia，erdaozhichefoulvwei100%。

63jiaquanshangzhong，jinyijiaquanshangbaojianxiangmubingweishejichedan，weihuaxingzhengquanbaojiandebeijiaosuoipolansexingji。

youtouxingrenshifenxicheng，“chefoulvdanyizhibiaobuzuyiquanmianpingguquanshangdebaojianbiaoxian。chefoulvshouipochexiaoanlibilideyingxiang，yuquanshangbaojiandexiangmushuliangwuguan。zaixiangtongshuliangdechexiaoanlixia，baojianjiaoshaoxiangmudequanshangtongchanghuiyoujiaogaodechefoulv。”

congipozhongzhishenheqiyesuoshenqingbankuailaikanzhong，chuangyebanhezhubanchengweichehuishenheqiyedezhuyaobankuai。jutilaikan，chuangyebannianneigongyou148jiaqiyeiposhenhezhongzhi，zhubanyou129jia。

huazhongyizhongxingquanshangtouxingrenshixiangjiemianxinwenzhichu，“jinnian，zhubanhechuangyebandeipochexiaoanlishuliangxianzhuzengjia，zheizaiyidingchengdushangshiyinweixinshangshiguizetishenglezheilianggebankuaidecaiwubiaozhun。jieguoshi，xuduoyuanbenjihuazaihushenzhubanhechuangyebanshangshideqiyeyinwufadadaozheixiegengyangedecaiwuyaoqiuerxuanzechehuiqishangshishenqing。”

IPO放缓，并购重组能否迎来春天？

zhengcehejianguanfangmian，cong“827xinzheng”tichu“jieduanxingshoujinipojiezou”，daoyiliutouxing“shigongtu”qiangdiaoquanmianqianghuajianguanzhifa；cong“315xinzheng”yashizhongjiejigouzeren，daoshoufaxianchangjianchaxinguitigaojianchafugailv；congxin“guojiutiao”jianlizhongjiejigou“heimingdan”zhidu，daohushenjiaoyisuoyouhuashangshitiaojian；congbeijiaosuofudaozhiyinguifanfudaojianguan，daokechuangbanbatiaojiaqiangquanliantiaojianguan；zaidaoguowuyuanguifanzhongjiejigouipofuwuguidingzhengqiuyijiandengyixiliezhengcecuoshidechutai，biaozhizheaguiposhichangdejianguantixizhengzaibuduanwanshanheqianghua。

choicejinrongzhongduanxianshi，jiezhimuqian（12yue20ri），ipozaishenqiyegongji237jia，qizhongshangjiaosuo70jia（zhuban47jia，kechuangban23jia），shenjiaosuo86jia（zhuban33jia，chuangyeban53jia），beijiaosuo81jia。jiao2023nianyu2022nianxiangbi，zaishenqiyefenbiexiajiang65.75%、71.13%，chuangjinsannianlaixindi。zaiquanmianzhucezhixia，hushenshichangiposhoujianguancengduifaxingjishenhejiezoudediaokong，shangshiguapaishumuyuquniantongqixiangbiyoujiaodafuduxiahua。

“mianduiipozhengceshoujin，yixieqiyexuanzeyushangshigongsijinxing‘lianyin’，tongguobinggouzhongzushixianshangshi。liru，shanghailianshizaikechuangbanshenbaozhongzhihou，zhengmianlinbeishangshigongsishougoudekenengxing。yonganxingyu11yue20rixuanbujihuatongguofaxinggufenhexianjinzhifufangshi，shougoushanghailianshi65%deguquan。”yizhongxingquanshangtouxingzhikongrenyuanxiangjiemianxinwenjieshi。

tabiaoshi，“zailiru，bufenqiyezhuanxiangganggushichangxunqiushangshijihui。meizhuangpinpaimaogepingzaichehuishangjiaosuozhubanshangshishenqinghou，yu1yue4rixianggangjiaosuozhubantijiaoleiposhenqing，bingzai11yue20richenggongtongguolegangjiaosuodeshangshilingxun。lingwai，yeyouqiyexuanzebaochiguanwangtaidu，dengdaishichanghuanjinghegongsiyejigaishanhou，zaikaolvzhongqiipojincheng。”

guangfazhengquanrenwei，zhengjianhuijiaqiangyierjishichangnizhouqidiaojie，duanqineitouxingyewusuoliang，beijiaosuoyewuzhanbigao、zhaiquanchengxiaoyewutuchudequanshangshouyingxiangfudugengxiao，danjinrongdetianzhishifuwushitijingji，touxingyewujiangbansuishichanghuinuanerzhujianhuiguichangtai。

zhongxinzhengquanzhichu，touxingyewuxucongfahuirongzigongnengzouxiangqiyequanshengmingzhouqifuwutouzijiaoyi，ipohezairongzishenpijiezoudefanghuanweitouxingyewushourudailaiduanqiyali，zhengquangongsiyingjijitansuomianxiangqiyequanshengmingzhouqidebinggouzhongzuyewufazhankongjian。

xiangjiaochuantongyewu，binggouyewuduizhengquangongsizhuanyenengliyaoqiugengweiyange。bangzhushangshigongsixunzhaochanyeliantiaohexinzichan、shejibinggoufangan、mujipeitaozijinhexiezhushougouhoudegongsizhenghejiangshitoubutouxingdehexinjiazhisuozai。