Gem 10 company preliminary inquiry yesterday end issue price bias ceiling

Every reporter Ma Shua yesterday, with 6 companies to the end of the site, 10 of the first to get the SEC approval of the Gem company site promotion will be announced, followed by the sponsors to the company's inquiry interval will be announced, of which the Shenzhou Tai Yue value of 63.64 yuan/share ~74.53 yuan/shares.　　A source told the Daily economic news reporter, the final inquiry results or announced today, the final issue price must be biased against the ceiling of the inquiry interval.　　Regulators may be able to guide the statistical data show that currently through the SFC audited inquiry agencies have 252, including 61 of the Fund, 72 securities companies, trust Company 42, QFII and finance company 32, insurance companies have 13.　　"Daily economic news" learned that gem inquiry process and plate, motherboard similar, "Inquiry results need to be reported to the relevant departments, need to have a communication with the regulatory department, there is likely to have a window guide, that is, to assist the sponsors to determine the reasonable final issue price," the source said. In the light of the previous motherboard and board price determination process, "the regulatory layer does not want the enterprise to eventually raise funds than the original plan to raise the amount of 30%~40% level." And these 10 companies as the first listed companies, GEM policy guidance on the end, it is not clear, from the road scene situation, the agency is still more enthusiastic, as for the details of the inquiry results are currently inconvenient to disclose.　　"The source said.　　Sponsor: The upper range of the issue price on the basis of the final issue prices determined by the board and the SME IPO, the issuing price is usually close to the limit of the initial inquiry interval issued by the sponsor. "The issue price must be on the upper limit. A brokerage sponsor told reporters so. The securities sponsor said that if the excess purchase multiples only 2~3 times, then the final issue price must be biased to the lowest range.　　But the current excess subscription is a hundredfold, the issue price is definitely high. The sponsor also said that the A-share market has always played a new "fine tradition", so it is very likely that the phenomenon of large excess purchase.