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Caixin

Hundreds of IPOs stuck in China's regulatory logjam

14 companies' listing processes aborted this month, 5 times more than a year ago

As of Jan. 27, 199 companies were awaiting regulatory clearance to list on the Nasdaq-like STAR Market in Shanghai while 73 more were waiting for a main board listing.   © Reuters

Backlogs of applications for initial public offerings reemerged in China as regulators tightened scrutiny following Ant Group's surprise listing suspension, forcing several companies to cancel their share sale plans.

A total of 14 companies that planned to list on mainland bourses have had their listing processes terminated so far this year, and at least seven of them withdrew their applications voluntarily, data from the Shanghai and Shenzhen exchanges show. That compares with only three terminated IPO applications in the same period last year.

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