December new shares issued a high price-earnings ratio

(Reporter Zhang Yu fly) into the December, a-share market IPO hot, new shares issued a new high price/earnings record.　　The data showed that the average P/E ratio in December was 79.13 times times that of record-breaking. The end of 2010 has been the "Highland" for a record price/earnings ratio for new offerings. Wind information data show that, since the second half of this year, the share price of the IPO price-earnings ratio is rising month, the Agricultural bank listed in July, the Shanghai and Shenzhen cities, the average first-rate earnings ratio of 42.8 times times, then August to October, the IPO price-to-earnings ratio is 55.5, 61.5, 59.3 times times,　　The start of the second round of reform began in November, with a 67.5 times-fold start-earnings ratio, and the average IPO price-earnings ratio climbed to 79.13 times-fold as of December 29. From this year's high prices of the gem, the December 9 listing of the Galaxy of Life (300143) to 138 times times the issuance of P/E multiples, once hit a A-share record. One weeks later, Tomson-kin (300146) added the forces to the December IPO, with a price of 110 yuan, 115 times times the issue of P/E and Century (300150) 105 times multiples.　　On December 27, new research shares rocked the market with a 150.82 per cent price-earnings ratio. The IPO price of the main board market also surprised the market, December 7, Yong-Hui supermarket (601933) to 73 times times the high price of the Shanghai board; December 24, the Quartet shares (601126) to a 77 times-fold earnings record　　December 28, Hainan Rubber issued a price-earnings ratio of 87.73 times times. Market participants pointed out that, as a result of the increase in the number of inquiry agencies to be allocated proportion, the inquiry agency new shares are more difficult, the only high price can be shortlisted to win the lottery. In order to curb the issue of high IPO price and higher proportion of super raise, from November onwards, the sponsor organization can independently recommend a certain number of institutional investors with higher pricing ability and long-term investment orientation, and participate in the online inquiry placing, but this move does not seem to change the issue of high IPO price.