40 companies planning to go public have voluntarily withdrawn their IPO applications.

The data shows that as of July 15, 2026, a total of 40 IPO companies in the A-share market this year have terminated the listing process, all of which were actively withdrawn by the issuer or sponsor. Compared with the 74 withdrawals during the same period in 2025, the decline is close to 50%. The market generally believes that this significant change reflects the continuous upgrading of the quality control of the IPO entry end, and the applications of IPO companies are becoming more cautious. However, against the backdrop of normalized on-site inspections and continued strengthening of intermediary responsibilities, there are still some companies urgently withdrawing after being selected for on-site inspections, and the phenomenon of "withdrawal upon inspection" still exists. Industry insiders believe that voluntary withdrawal does not mean exemption from liability, and "declaration is responsibility" has been implemented as a rigid constraint. Analysis of the distribution of the 40 withdrawn projects shows that the Beijing Stock Exchange has become the main sector for voluntary withdrawals in the first half of the year, with a total of 23 companies terminating their IPO processes, accounting for nearly 60% of the total withdrawals; 4 on the main board of the Shanghai Stock Exchange, 6 on the Sci-Tech Innovation Board, 2 on the main board of the Shenzhen Stock Exchange, and 5 on the ChiNext Board. Withdrawn companies are mainly concentrated in industries such as industrial equipment, basic chemicals, non-ferrous metals, and semiconductors.