New Trends in CSRC Filings: Three New Companies Added in July

As of July 31, a total of 51 companies had successfully completed the filing procedures with the China Securities Regulatory Commission (CSRC), indicating that three new companies completed their filings in July. The three companies that completed their CSRC filings in July are Iyunbao Technology Ltd., BingEx Limited, and MaxsMaking Inc.

▲  Number of companies

▲ Companies’ Name

Companies that Completed Filings in July

1.Iyunbao Technology Ltd. (爱云保技术有限公司)

On July 5, 2024, the CSRC issued a notification for the overseas issuance and listing filing of Iyunbao Technology Ltd. The company plans to issue up to 43,892,043 ordinary shares and list them on the Nasdaq Stock Exchange in the United States.

2.BingEx Limited (闪送必应有限公司)

On July 8, 2024, the CSRC issued a notification for the overseas issuance and listing filing of BingEx Limited. The company plans to issue up to 57,500,000 ordinary shares and list them on the Nasdaq Stock Exchange in the United States.

3.MaxsMaking Inc. (迈克丽斯股份有限公司)

On July 8, 2024, the CSRC issued a notification for the overseas issuance and listing filing of MaxsMaking Inc. The company plans to issue up to 2,875,000 ordinary shares and list them on the Nasdaq Stock Exchange in the United States.

Despite the reduction in the number of filings in July, the overall trend remains positive. This indicates that the demand for listings is still strong, and companies are actively preparing and advancing their listing plans. Additionally, this fluctuation may reflect seasonal adjustments or other external factors affecting the filing process. The filing data in the coming months will provide further insights into the dynamic changes in the market.

Disclaimer: Hexcellence Consulting, a registered Malaysian company specializing in all aspects of going public in U.S. Capital Markets. The information herein is for informational purposes only and does not constitute legal, financial, or investment advice. While we prioritize accuracy, some data may be sourced from third-party reputable sources. Our views expressed here are our own and may not represent those of third parties or regulatory bodies.

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