Does science and technology innovation board need funds to issue new shares?
Science and technology innovation board doesn't need to freeze funds when issuing new shares, and will pay according to the amount corresponding to the number of shares after the lottery confirmation. Science and technology innovation board needs a corresponding market value to innovate, because innovation adopts the way of market value allotment, while the familiar motherboard adopts the way of lottery.
New instructions of the Science and Technology Innovation Committee:
Qualified investors can only participate in online subscription if they have opened the trading authority and hold the circulating market value of Shanghai Stock Exchange above 6,543,800 yuan. Every 5,000 yuan of market value can be purchased for a subscription unit, and the part less than 5,000 yuan is not included in the subscription amount. The subscription unit for each new share is 500 shares, and the subscription number is 500 shares or its integral multiple, but the maximum subscription number shall not exceed one thousandth of the initial online issuance number at that time.
Science and technology innovation board allows public offerings such as strategic placement funds to participate in offline placement, which means that individual investors who cannot directly participate in innovation in science and technology innovation board can indirectly participate in innovation by purchasing related funds in science and technology innovation board.
There is no price limit for the first five trading days of IPO of science and technology innovation board. In this case, the stock price may fluctuate greatly, and the trading in the first five trading days is relatively sufficient, and there may be a head price. Investors should not blindly follow the trend, especially not buy at a high level.
After reading the above introduction, I believe that everyone has a more comprehensive understanding of whether science and technology innovation board's IPO needs funds. Finally, let me remind you that even if science and technology innovation board wins the bid, there are still risks, and the key depends on the valuation.