Break cold water price ratio of IPO

In February this year, some of the new stock valuation status Code name IPO value is expected to raise the actual fund-raising (yuan) (times) (billion) (billion) 300184 power source information 20. 0068. 971. 643. 34 300180 Hua Feng Super fiber 19. 7351. 922. 217. 89 300181 Adjuvant Pharmaceutical Industry 23. 5060. 721. 674. 70 300183 Neusoft Carrier 41. 4559. 231. 8710. 36 300182 Czech Capital shares 55. 0074. 322. 047. 70 002548 Jin Xin Nong 24. 0040. 003. 385. 76 2.55 million red Pharmaceutical 32. 0040. 516. 2512. 80 002549 Kester Gas 25. 4863. 701. 905. 10 002547 Spring Hing Seiko 16. 0034. 043. 015. 76 January this year, online check rate in front of the 20 new IPO code name first valuation online probability online release date (times) (%) (%) 002545 Oriental Tower 50. 5010. 1126. 322011-01-25 300171 Dong Fu long 96. 637. 166. 372011-01-24 601799 Xingyu shares 66. 385. 775. 732011-01-25 002546N New 57. 293. 938. 962011-01-25 601616 Radio and television electric 51. 463. 4326. 582011-01-25 300177 China Sea reaches 73. 133. 024. 242011-01-27 601558 Sinovel Wind power 48. 832. 9810. 342011-01-05 3,001,794 Square to 68. 752. 874. 392011-01-27 601137 Bo-wei Alloy 71. 052. 575. 012011-01-19 002539 Xindu Chemical 76. 132. 4518. 182011-01-06 002540 Asia-Pacific Technology 67. 802. 3917. 572011-01-06 300178 Teng Bang International 49. 772. 3510. 992011-01-27 002541 Hung Road steel 68. 752. 2822. 202011-01-06 300170 Han Information 72. 402. 2410. 112011-01-24 25.43 million and electric 49. 182. 0740. 002011-01-19 300175 lang Yuan shares 51. 821. 908. 702011-01-27 300174 Yuan Force shares 88. 891. 893. 902011-01-24 601519 great wisdom 88. 891． 832. 552011-01-20 601700 Style shares 59. 221. 644. 122011-01-06 300173 shares 49. 601. 5710. 422011-01-24-Newspaper reporter Sun You this year 50% listed new shares suffered the first day break, this is like a basin of cold water, let the primary market cooling rapidly. In the first half of January, the average issue of new shares was 81.81 times times, and the second half of the month was rapidly falling to 65.41 times times.　　Since entering February, the IPO price/earnings ratio has continued to plummet to 54.82 times times, and has fallen back to August 2010 levels. NET online check rate Zisheng this year, there are 38 IPO, the first day break of the new shares reached 50%, the severity of the break is worrying. Statistics show that in the first half of January, there are 16 new shares listed, only show strong shares, such as 4 new shares break, break proportion is only 25%. Into the second half of the January, the first day break breadth and depth of new shares are greatly intensified.　　Statistics show that in the second half of January, the total of 15 IPOs, including the first break of the new shares as high as 12, break ratio of up to 80%. New shares on the first day a large area break, greatly squeezed the overall investment of investors, and even make some investors face a new loss of fate.　　This is to a large extent injured the new enthusiasm of investors, to promote a new level of market enthusiasm cooling quickly. Statistics show that in the first half of January, the cumulative issue of 16 new shares, the single IPO network to play the average number of 44, under the average net rate of 8.81%.　　In the second half of January, there were 19 new shares issued, but the enthusiasm of investors under the net declined markedly, and the number of newly-traded companies dropped to 32. With the overall reduction of the number of new institutions in the net, the average checking rate is rising rapidly. Statistics show that in the second half of January, the average IPO rate has climbed to 11.21%.　　It is noteworthy that in the second half of the January after the release of the Million and the network under the net rate of up to 40%, one by one has become the network under the highest rate of IPO. In the net, the rate of the establishment of the organization is climbing, the online retail check rate is also rapid leap. Statistics show that in the first half of January, online check rate was only 1.26%, and the second half of January, the online check rate rose to 3.01%, doubled more than one times. Among them, the Oriental Tower online check rate unexpectedly rose to 10.11%, one after the refresh this year's new highs.　　Analysts pointed out that, from the net and online check rate climbed at the same time, the current investors to hit new enthusiasm has fallen, has formed a trend. The value of the issue continued to lower in the new enthusiasm cooling situation, the IPO high valuation issue into a highbrow passive situation, prompting the issuance of valuations have to lower their posture. Statistics show that the 16 IPOs issued in the first half of January were valued at 81.81 times times the average, while the average valuation of 19 new shares issued in the second half of January plunged to 65.41 times times. Since entering the February, new sharesThe release valuation continued the downward trend of the January. According to available data, the average valuation of 9 new shares issued in the first half of February has fallen further to 54.82 times times, down 33% per cent compared with the previous half of January.　　In terms of monthly data, the IPO valuations, which have been 54.82 times times since February, have fallen rapidly down to August 2010 levels. In the context of the continued decline in the monthly issuance valuations, the high valuations of IPOs in different stages of the year have been moving downward. Statistics show that in the first half of January, the issuance of new shares of Lehman photovoltaic and pioneer materials, the issuance of the valuation of more than 120 times times, the issue of high valuations, staggering. In the second half of the January, the new shareholder with the highest valuation, Rich dragon, has been less than a hundredfold. As far as the data are available, the issuance of the most overvalued shares in the last half month of February has moved further down to 74 times times.　　In particular, it is noteworthy that the February 9 issue of the SME Board of the Spring Hing Seiko, the issue of valuation has dropped to 34.04 times times, and the two-tier market rapid convergence, this situation is rare in recent months. Analysts pointed out that this year, the IPO valuation continued to decline, mainly by the large area of new shares break. Objectively, the lower valuation of new shares, to a large extent, reduce the level of market and level two market investors to participate in the risk of new shares, so this is a virtuous circle. However, the current level and level two market overall valuation still disparity, from this point of view, the IPO valuation needs to further return to a reasonable level.