Distribution mode
The first thing to understand is how to issue new shares. At present, the main ways of issuing new shares in China include online issuance and offline issuance. Online issuance refers to the transfer and issuance of new shares through the Internet. Generally speaking, investors only need to open online trading accounts through brokers to participate. Offline issuance requires investors to buy from enterprises through brokers. It should be noted that the number of new shares issued online and offline and the subscription price may be slightly different.
Numbering rule
After understanding the issuance method, let's take a look at the numbering rules of new shares. The distribution of new shares mainly adopts the method of "minimum subscription amount+winning probability". The winning rate is generally set by the company and sponsors according to market conditions, while the number of subscriptions is determined by each investor. In general, the more investors buy, the higher the winning rate and the number of winning lots. In addition, the total winning rate in the market will also affect the distribution of new shares. After the subscription deadline, the issuer will announce the winning number, and the purchaser will subscribe for new shares according to the number and subscription amount.
influencing factor
The result of the allocation of new shares is not only determined by the issuance method and allocation rules, but also influenced by the market. Specifically, the factors affecting the placement of new shares include but are not limited to the following aspects:
The first is market demand. If the speculation of new shares is excessive and the market demand is too high, the issue price may rise sharply, resulting in a generally low winning rate.
The second is the existing trading varieties. The quantity, liquidity and market value of existing stocks in the market will have an impact on the allocation of new shares, so investors need to have a certain understanding of existing trading varieties before purchasing new shares.
Finally, it is worth noting that the subscription of new shares has certain risks. The stock market fluctuates violently, so investors need to evaluate their risk tolerance and investment experience and pay attention to preventing investment risks.