Agency quotes 1.6 times times as high as the first exposure

-This reporter Shin south the same new shares, some people are willing to bid 19 yuan, some people only to 7.2 yuan, the first batch of "early adopters" new share issuance system of the second phase of the reform measures of the three companies 12th announced the specific offer of inquiry agency, which institutions pricing ability, what agency price is too "outrageous",　　Investors can judge for themselves. High or low quotation 160% fuling Mustard 12th disclosed the initial public offering of a A-share network under the announcement of the results of the notice, the distribution through the net placing to the placing of the share of the shares for 8 million shares, the number of effective purchase of 565 million shares, the effective purchase of the distribution under the net issued by the proportion　　%, the subscription multiple is 70.63 times times. November 3 to 5th for the preliminary inquiry of Fuling mustard tuber, the issuer and the main underwriter of China Merchants Securities issued invitations to all inquiry objects.　　As at 15:00 November 5, the main underwriter has received and confirmed the preliminary inquiry declaration information of 173 placing objects managed by 86 inquiry objects through the distribution of electronic platform system under the SSE network. The second stage reform of the IPO system not only introduces the system of placing and selling under the net, but also enhances the transparency of the pricing information, requiring the issuer and the principal underwriter to disclose the specific quotations of the agencies involved in the inquiry. Fuling mustard from the disclosure of quotations from the agency to see the specific price, the most optimistic fuling mustard to the number of Anhui National Yuan Trust Limited Liability company account, it reported the price as high as 19 yuan, the purchase quantity of 1 million shares, and the most cautious quote from the Yangtze River Securities Co., Ltd., the self-employed account,　　It is willing to purchase 8 million shares at a price of 7.20 yuan. Investment value of Fuling mustard tuber produced by China Merchants Securities researcher The valuation interval is 12.00-14.00 yuan, and the final pricing is 13.99 yuan.　　This price corresponding to the P/E ratio is 53.81 times times, the quotation is not lower than the price of all valid quotes corresponding to the number of subscriptions and 565 million shares, the price corresponding to the subscription multiples of 70.63 times times. The high is up to 19 yuan, the lowest is only 7.20 yuan, the difference between the two quotes more than 160%.　　Optimists are too optimistic, or pessimists too pessimistic, which institutions give the most scientific price, but also need to leave fuling mustard after the listing of secondary market test. The huge divergence in quotations from the inquiry agency also exists in another new equity day wide fire.　　86 of the 162 placing accounts of the inquiry provided a quotation, of which Xinhua Trust Co., Ltd. for the maximum number of proprietary accounts, 27.50 yuan, and the Capital Securities Limited liability company account only reported a 10.92 yuan price, the difference between the end of 152%.　　Inquiry object for the boss of the price of electrical appliances, the maximum of 32 yuan, the lowest only 13 yuan, the difference between the end also reached 146%. Different accounts of the same institution not only different quotes not the same price, the same request for the same new shares, different placing accounts to give the declaration price is very different. For example, China International Finance Limited has three placing accountsHouseholds participated in the price of Fuling mustard, CICC's proprietary investment account is willing to purchase 4 million shares at a high price of 19 yuan, and the gold short-term bond Asset management plan and the gold-enhanced bond Income portfolio management plan is obviously cautious, are only willing to bid 10 yuan, the purchase volume of 8 million shares and 6 million shares. The example of "fighting" in the same section is not uncommon, and it can even be said to be a universal phenomenon.　　For example, Guo Yuan Securities Co., Ltd. Self-account in the purchase of the owner of electrical appliances, reported 15.2, 17.48 and 19 yuan three prices, the purchase volume of 2.4 million shares, 2.4 million shares and 3.2 million shares, the higher the price instead of buying more. "Seventh class" organizations most cautious and the previous network placing different is, fuling mustard, day wide fire and the owner of electrical appliances, the main underwriters independently recommended the inquiry object, the industry jokingly "category seventh" organizations.　　From the quoted price, these main underwriter's "connections", the quotation is more cautious than other six kinds of inquiry object, only one finally in the net in the process of "lottery". For example, the boss of electrical appliances finally priced 24 yuan, 65 fund company accounts quoted price range is 19-26.9 yuan, weighted average price of 23.25 Yuan, 38 Securities company account quotation range of 13-32 yuan, weighted average price of 22.61 yuan, 9 financial company account quotation range is concentrated in 20.3-26.8 yuan, weighted average price of 23.68 yuan, 16 trust companies account The quotation range is 19.51-28 yuan, the weighted average price is 22.88 yuan, 52 insurance company account quotation range is 14.6-27 yuan, the weighted average price is 22.75 yuan, 1 QFII participates in the quotation, is 25.00 yuan, the Recommendation class inquiry object participates in the quotation the account total 19, the quotation range is 15-24, adds　　The average price of power is 21.67 yuan. From the above quoted information can be seen, the recommended category of inquiry objects of the lowest weighted average price, indicating that they offer the most cautious, the financial company's quotation is close to 24 yuan final pricing.