The Finalization Of IPO And The Details Of Its Formal Implementation Are Very Important.

If it is expected, the 28 new shares that have already entered the approval process will start to purchase according to the old method next week. The market will appear in the stock market of Shanghai and Shenzhen stock markets and the climax of cash in hand. Of course, there will not be much market value in accordance with the current method, and the next 28 companies are basically small tickets. Therefore, they do not need much money. The impact of the IPO on the market is limited.

Only by participating in the one or two version of the new method will it be able to adapt. Of course, from the time point of view, we should put it next year. In the eyes of the present, it is still necessary to deal with the 28 new shares that will be issued in the past. For the two level market of the stock market, there will be some twists and turns in the market trend during the issuance of the 28 new shares, but the magnitude of the concussion will not be too great.

It is worth pondering over the draft of the new IPO. According to the new edition released this week, there are at least the following points:

First, not all stocks are issued simultaneously under the Internet, and may be appropriately skewed to the Internet.

The new version of IPO stipulates that the new shares under 20 million shares will be issued by the issuers and underwriters. They will not make an inquiry, nor will the placing be placed under the net. That is the participation of the small ticket in the online Yaohao. How much is this proportion? According to the 575 waiting companies that are currently queuing up in the SFC and have disclosed the plan, there are 141 shares in the initial public offering of not more than 20 million shares, accounting for 1/4. Maybe this proportion will also expand. In view of this, people who are keen on buying online must pay attention to it, not every IPO can participate in it.

Second, low price will still be issued.

Over the years, we have gone through the market issue. We have seen the highest issue price of 148 yuan, the highest price earnings ratio of 130 times, and then almost 22 times the price earnings ratio.

Therefore, the pricing principle of the new version of IPO is particularly concerned.

Last week, a spokesman for the securities and Futures Commission said that the principle of issuing at a low price was still low. To what extent, it would depend on specific proposals.

The issue of low price means that the first time the listed companies reduce their profits, and the beneficiaries of the new shares are the winners of the new stock market. They are the lucky winners of no specific sign. This principle is indeed a bonus for the holders of the two tier market shares, though the dividend is small for the small and medium investors, but it is better than none.

Third, segmental money may be proposed.

Financing strategy.

Based on the above two points, the listed companies are likely to take two stages of implementation of the financing plan. For example, a company will issue 20 million shares for the first time, 22 times the price earnings ratio, and 40 yuan after the listing. The company will put forward a refinancing plan within a year, issuing the price of 30 yuan.

There will be an endless stream. The two steps will not only activate the stock price but also turn it into money. In fact, the new shares issued in the first half of this year already have a new version issued in the second half of this year.

There will be new ways to play those small tickets in the future.

Fourth, the failure mechanism and blacklist punishment mechanism seem to be of little significance in the current market.

The new version of IPO stipulates that the issue of payment is less than seven, and that the issue is suspended. Is it not clear that a low price issue is issued? There will not be a phenomenon of less than 70% payment in the near future, and there will not be a continuous three non payment in one year, so these Provisions are of no practical significance to the current market.