Stock lottery: refers to the lottery before the issuance of new shares, which is divided into online subscription and offline subscription. Generally, small and medium investors are suitable for online subscription.
Convertible bond lottery: refers to the lottery before the issuance of convertible bonds.
After winning the lottery, investors only need to ensure that the deduction funds are sufficient. General securities companies will automatically deduct money. After the deduction, they will wait until the listing to find a chance to sell.