The home furnishing industry may be restricted from IPO listing

Mar 13, 2023

Recently, it has been reported that the China Securities Regulatory Commission has clarified the industry requirements for companies applying for the main board, and draws a line between the prohibited, restricted, permitted and supported listing categories. According to the review rules circulated on the Internet, the listing of traditional industries such as food, furniture, and home appliances will be restricted. According to incomplete statistics from 77 Degrees, in 2022, more than 40 home furnishing companies are hitting the A-share IPO, including Kefan Home Furnishing, Schneiman Home Furnishing, Tucson Custom Home Furnishing, Marg Home Furnishing, Huangpai Home Furnishing, Higold Home Furnishing, Zhiou Home furnishing, Continental Creative Home, New Pearl and other companies, the implementation of the new policy may have an impact on the listing of these companies.

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