According to the Company Law, a company that publicly issues shares "has at least 65,438+0,000 shareholders.
There are 1000 people "(referred to as" one thousand shares "). At present, there are regulations on the minimum subscription quantity of units issuing new shares in China.
Set to 1000 shares, or an integer multiple of 1000 shares. After the subscription of new shares is completed, it will be confirmed by the lead underwriter.
Confirm the subscription quantity, and then calculate the winning rate of new shares according to the number of issued shares and the effective subscription quantity.
Specifically, there are two situations:
(1) When the effective subscription number of investors is less than or equal to the number of issued shares, investors can usually
Subscribe according to the effective subscription quantity of each place, and the balance shall be underwritten by the underwriter;
(2) When the effective subscription amount of investors is greater than the number of shares issued, it shall be managed or underwritten by the Exchange.
According to the effective subscription of each 1000 share, the merchant determines a declaration number, arranges it in order, and then draws lots to determine it.
With the winning number, each winning subscription number can subscribe for 1000 shares. The formula for calculating the winning percentage is:
Number of shares issued
Winning rate = × 100%
Number of valid subscription shares