2025券商IPO承销收官！头部券商优势凸显，行业集中度继续高企

券商中国2025-12-31

伴随着蘅东光、新广益成功登陆资本市场，2025年A股IPO落下帷幕，券商在这一赛道的竞争格局也终于落定。整体而言，头部券商依旧稳固领先，中小券商则在细分赛道有所突围。根据核心业务指标，行业集中度高企态势持续，前5名券商合计承销IPO项目家数已占据IPO市场半壁江山。差异化竞争格局凸显双创板块是IPO支持科技与新兴产业融资的核心载体，合计募资633.71亿元，占全年IPO募资总额近一半，也是券商的...

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