截至12月24日，合共216只新股通过IPO在美挂牌，集资781亿美元，为2014年以来的最佳表现。

2020年，新股市场呈现几大特点，一是散户参与热情空前高涨；二是SPAC方式大行其道，不同于传统IPO程序和借壳上市，SPAC是一种特殊目的收购方式，上市速度更快成本更低；三是投资回报远远跑赢大盘。

在政策不确定性萦绕，中概股逆势受追捧

2020年，中概股逆势创造出了新的繁荣。截至12月17日，30只中概股狂揽117亿美元，集资规模为2014年以来的最高。此次统计也排除了通过SPAC方式上市的企业，也剔除了集资额低于500万美元或市值低于5000万美元的小型IPO。

今年上市规模最大的六只中概股中，有五只于纽交所挂牌，其中包括10月上市的陆金所，集资24亿美元，为目前全球最大的金融科技公司。就新股集资额和上市数量这两项指标，中国是除美国以外，纽交所最大的市场。

12月18日，美国总统特朗普正式签署《外国公司问责法》，如外国发行人连续三年不能满足美国公众公司会计监督委员会(PCAOB)，对会计师事务所检查要求，将禁止其证券在美交易。

监管升级能令投资者更加相信企业，企业上市后也能有相应表现。

值得一提的是，造车新势力今年受到美股投资者热烈追捧，蔚来汽车年初至今累计飙涨996%，荣登2020年中概股涨幅榜首位，小鹏和理想汽车于今年夏天在美交易，不到半年时间，分别累涨153.4%和134.9%。

2020 U.S. stocks and China concept stock IPO hit their best performance in six years

As of December 24, a total of 216 new stocks were listed in the United States through IPO, raising US$78.1 billion, the best performance since 2014.

In 2020, the IPO market will present several major characteristics. One is that retail investors’enthusiasm for participation is unprecedentedly high; the other is that the SPAC method is popular. Unlike traditional IPO procedures and backdoor listings, SPAC is a special purpose acquisition method with faster listing speed and lower cost; Third, return on investment far outperforms the market.

With policy uncertainties lingering, China concept stocks are sought after against the trend

In 2020, China concept stocks bucked the trend and created new prosperity. As of December 17, 30 Chinese concept stocks rushed to grab 11.7 billion U.S. dollars, and the scale of fund-raising was the highest since 2014. The statistics also exclude companies that go public through SPAC, and also exclude small IPO with a raised capital of less than US$5 million or a market value of less than US$50 million.

Five of the six largest Chinese concept stocks listed this year were listed on the NYSE, including Lufax, which was listed in October, which raised US$2.4 billion and is currently the world's largest financial technology company. In terms of the amount of new shares raised and the number of listings, China is the largest market on the NYSE after the United States.

On December 18, U.S. President Trump formally signed the "The Holding Foreign Companies Accountable Act". If a foreign issuer fails to meet the requirements of the U.S. Public Company Accounting Oversight Board for three consecutive years, the inspection requirements of accounting firms , Will prohibit its securities from trading in the United States.

Regulatory upgrades can make investors more trust in companies, and companies can perform correspondingly after listing.

It is worth mentioning that the new car-making forces have been enthusiastically sought after by U.S. stock investors this year. NIO has soared 996% year-to-date and topped the list of mid-term stock gains in 2020. Xiaopeng and Lixiang will be in the U.S. In less than half a year, the transaction increased 153.4% and 134.9% respectively.

 (Source:First Finance)

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