Playing new shares refers to the subscription operation of investors on the day when listed companies issue shares for the first time. After the company's listing application is approved, it will raise funds from the market and sell some shares. Investors can subscribe for these new shares, which is called playing new shares or subscribing for new shares.
Generally speaking, new bonds or new shares will not fall below the face value after listing, and there will be almost no loss. Therefore, there are many investors who play with new bonds and new shares. Everyone likes to play with new debts and new shares. Every time new bonds and new shares are issued, investors will participate in the subscription. What's the difference between issuing new shares and issuing new debts?
1, the purchase threshold is different
There is a threshold for issuing new shares. Investors must meet the average daily market value of 65,438+0,000 or above in the first 20 trading days, and the number of subscriptions is related to the subscription market value, that is, the higher the market value, the more subscriptions; There is basically no threshold for new debt. Investors only need to have a stock account, even if there is no market value, they can also make top-level subscriptions.
2. Different time to market
Generally speaking, new shares will be listed and traded about 14 days after the lottery, while new bonds will be listed and traded about 20 days after the lottery.
3. The winning percentage is different.
From the historical data, it is easier to win the new debt. The winning rate of new bonds is generally higher than that of new shares, while the winning rate of new shares is pitifully low, about 0.03%. Some people even say that the probability of winning new shares is similar to that of Tsinghua Peking University.
4. Different trading rules
New shares are trading rules of T+ 1 There was no daily limit in Shanghai and Shenzhen stock markets on the first day, and there was no daily limit in GEM and science and technology innovation board in the first five trading days. The new debt is the trading rule of T+0, and there is no limit to the rise and fall.
Although there are differences between issuing new bonds and issuing new shares, both of them are investments with little risk. Investors are advised to insist on issuing new shares and issuing new bonds.