What happened in the market? Try to make it easy to understand.

Initial public offering (IPO) refers to the process that an enterprise issues shares to investors for the first time through a stock exchange in order to raise funds for enterprise development. When a large number of investors subscribe for new shares, they need to draw lots for allotment, which is also called drawing new shares. Investors who subscribe expect to sell at a price higher than the subscription price. Under the background of China, listing can be divided into three ways: China companies are listed on China, Shanghai or Shenzhen stock exchanges (A shares or B shares), and China companies are directly listed on overseas stock exchanges (such as Hong Kong Stock Exchange, new york Stock Exchange, Nasdaq Stock Exchange and London Stock Exchange). ) (H shares), while China companies indirectly set up offshore companies overseas and listed on overseas stock exchanges in the name of offshore companies (red chips).