Investors who have drawn lots for three times in a row for 12 months, but have not paid in full, shall not participate in online subscription of new shares within 6 months from the day after the last declaration to abandon subscription (calculated by 180 natural days, including the next day).
1. lottery of new shares: the lottery winning rate will be announced according to the rules of the exchange, and the lottery result will be confirmed by the lead underwriter according to the total allocation number. The lottery result will be announced in the designated media on the first trading day (T+2) after the lottery. In China, each winning number can subscribe for 1000 shares (Shanghai Stock Exchange) or 500 shares (Shenzhen Stock Exchange).
2. Winning percentage:
Because there are many people who subscribe for new shares and have a lot of money, but the number of issues is limited, it is impossible to have all of them. Because the subscription is based on every 65,438+0,000 shares, and every 65,438+0,000 shares is a subscription unit, a subscription number is obtained, and then a lottery number is drawn. Investors will compare numbers, and some will win the lottery. If not, they won't win. Based on the issuable amount/total subscription amount, the winning rate of new share issuance is obtained. The lower the winning percentage, the less likely it is to win.
With the resumption of new share issuance, market funds gradually flock to the primary market to participate in risk-free arbitrage and obtain huge profits. However, with the continuous increase of market funds, the winning rate of new shares of small and medium-sized investors has gradually decreased, and the return on investment has dropped significantly. How can small and medium-sized investors improve the winning rate of new shares and the level of investment income? It is the only way to actively participate in the product collection plan of institutions and share the offline subscription opportunities.
Online pricing issue refers to the issue of shares to investors at a fixed price through the exchange trading system. Off-line placement refers to the placement of shares to the off-line inquiry object by cumulative bidding inquiry in the issuance. By comparing the online and offline winning rates of new shares, we can see that the highest winning rate of new shares can be increased by 12 times and the average winning rate can be increased by about 5 times through offline placement.