129667648240302892_251th page: intensive small and gem listed 2nd page: underwriter "advantage" 3rd page: "money" large scans daily economic news reporter Zhao Yangge Fan Guodong IPO, initial public offerings (InitialPublicOfferings), is an enterprise through stock exchanges for the first timeOpen to issuing shares to investors, with a view to raising funds for enterprise development, and after the enterprise development and growth, and rightly give investors a reasonable return. But in the history of the a-share market for more than 20 years, deemed to be money market instruments, only financing does not talk about return of "stingy person" are numerous. Investor, IPO has been defined as marketing horsepower maximumPumping machine. Recommended reading hexun about City Hall: next week's a-shares or to five major gold stocks are now buying opportunity in consumption will burn at the passion 8 zhanchiyufei muddy water and focus: who discovered fresh black who now cannot wait shareholders Li 8 a 12-year Player 8 deep investments to realize the IPO of a tiger 29 months "circle" approachBillion [Twitter] Lao Sha: International Board will do before the path of a [Unit] under the strong signals don't fool far bottom, don't tell, just from the July 2009 since the a-share IPO to restart again, this pumping machine has been running at full power. From then to date, a total of 710 in the a-share market stock IPO, raising up to 9338.06Billion, the average monthly 32.2 billion yuan.
����Removed non-trading day so people can see about 1.11 open stock software every day a new face, each trading day will be an invisible hand of the market-cable $ 1.464 billion. Yes, a set of numbers is building our market, do not think, we now "was used" the circle of money of a tigerThe times.
����In July 2009, the market ushered in the IPO was suspended from the 2008 bear market reset after first Dan Guilin sanjin (002275, unit), ushered in a new round of intensive wave of IPO money. According to the giant spirit statistical data, 2009.5 years years in less time
diablo 3 gold, a total of 111 stock initial public offerings, raising capitalGold reached 202.197 billion yuan, the monthly average number of IPO shares to 18.5, the average monthly amount raised to $ 33.7 billion. After entering into 2010, IPO stocks dramatically increase number and size, in the middle of 2010, a total of 345 stocks IPO, size has doubled compared with 2009 1.37 times times at 4,793.$ 900 million, also in this year, the birth of the 2009 IPO since the restart of the "money King" ABC (601,288, unit) (601,288, closed at $ 2.54). This intensive rhythm of release in 2011, has been renewed, 2011 so far less than 11 months, a total of 254 new listings on the initial publicThe city, raising reached 252.22 billion yuan.
����It is worth mentioning that, at the occasion of the Chinese new year on November 21, 2011, there are 7 companies jointly announced the first prospectus (declare release), this has been compounded by market concern about the IPO will shift up. Intensive small and gem listed in fact, this29 months of the IPO frenzy, the reasons, mainly due to the rapid development of small and open frame and gem. From number of IPO shares, in 2009 since the restart, only 71 new listings is an initial public offering in Shanghai Stock Exchange, an average of only 2.45 per month, while the Shenzhen Stock Exchange total released 639 new listings, including 363 smallStocks and stocks 276 gem. From the time, small and in 2009, 2010 and 2011 respectively, issue 59, 203, 101, gem release number was 42, 116, 118, grow very quickly; from the amount raised, according to the giant spirit according to the small size of these three years were 4$ 5.678 billion, $ 203.669 billion, and $, respectively, the gem, and $ 24.699 billion to $ 72.171 billion, HK $. "Three high" ills gives investors more critical of the intractable, "three-high" has become a common phenomenon of the a-share IPO. "Three-high"-high price, high price/earnings ratio,High raise, "three-high" appear, and restart the corresponding issuing system adjustments after IPO has a great (blog, Twitter). In the past, IPO offer price on the stock price the Government regulators given a price/earnings ratio requirements, pricing is not the market's behavior. This makes the offer price is usually lower than market price, also sparked a level issued cityHuge price difference between the fields and secondary trading markets.
����This post attracted a lot of money into the primary market, in this context came up with new financial products, large-scale inflows level distribution market, which had an adverse effect on capital markets. In the 2009 IPO after the restart, new share distribution system has been adjusted, regulators are no longer issuedPrice and release earnings requirements, pricing after the release, IPO prices are rising fast. Giant spirit figures had just restart time of the IPO in July 2009, new share price remained at $ 13.64 per cent
Diablo 3 Power Leveling, over time, which climbed all the way, the entire 2009 new share issue price had reached $ 23.48, 2010, the number "jumped" to the $ 30.32, especially in April 2010, IPO price amounted to $ 43.52 even higher. In 2011, with the market's weak performance, IPO price also dropped, but as of yesterday, 2011 average of 26.2 issue price of new shares worth of level, remains much higher than when you first restart�� While high in IPO pricing, new stock issue price-earnings ratio is also rising. Giant spirit according to the IPO is restarted in July 2009, IPO 33.62 times times forward earnings, annual average 52.51 times times, by 2010, this figure rose to 59 times, for April 2010, and of course, if theIs only listed companies in Shenzhen Stock Exchange, the increase in the number will also be more "steep". High raise, has become a special indicator ring money era. Giant spirit according to statistical data
swtor credits, since 2009 IPO since the restart, exceeding amount raised reached 366.265 billion yuan, the total size of 39.22%, Shanghai Stock Exchange listed companies including of 836. $ 300 million, junior and gem is divide up the $ 170.739 billion and $ respectively.
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