The winning rate varies greatly, which is mainly related to the subscription funds and the number of shares issued, generally around 0.2%. According to the Company Law, the number of shareholders holding no less than 65,438+0,000 shares of a public company must reach 65,438+0,000 (hereinafter referred to as "1,000 shares"). At present, the minimum subscription number of new shares issued in China is 65,438+0,000 shares, or 654,300 shares. After the subscription of new shares is completed, the lead underwriter will confirm the effective 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 number of effective subscriptions of investors is less than or equal to the number of shares issued, investors can usually make subscriptions according to the number of effective subscriptions in various places, and the balance will be underwritten by underwriters;
(2) When the number of effective subscriptions of investors is greater than the number of issuance, the host or lead underwriter of the exchange will determine a declaration number for every 65,438+0,000 effective subscriptions, arrange them in turn, and then draw lots to determine the winning number. Each winning subscription number can subscribe for 65,438+0,000 shares.