Gem "Full hundred" raise money and investors thin

If only entrepreneurial investors continue to reap much higher than their expectations, and capital investors can only be the swallowed of entrepreneurial investors, such a market is an unbalanced market. Time hurried, last October 30, the first batch of 28 gem IPO "Holding Group listing", only 9 months, the Gem family is full hundred members, and this record will soon be left behind.　　In such a short period of time, there are so many stock listings, both in China's stock market and in the history of the international stock market is record.　　As a result of the "gets" measures taken in the issue of the market, there have been many problems, the most prominent is that the fund raiser in the absence of institutional constraints of rapid wealth, and the vast number of investors have suffered heavy property losses. According to media statistics, in the first 7 months of this year, because the issue of new shares and the "billionaire club" people, has more than 600 people, they are basically the SME board and the gem two market of entrepreneurial investors, especially the majority of the gem. The Gem market breeds rich, this is the capital market should function.　　However, the current situation in China's gem market is that the rich are wholly run by the company's entrepreneurial investors, while the capital investors who subscribe to their shares simply do not have the "club", on the contrary, it is their "selfless dedication" to create this like blowing bubbles as fast as the "billionaire". and raise money to form a contrast is, the gem market investors not only to achieve the proliferation of wealth through this investment, but suffered heavy losses. In the past year, the A-share market has seen a rapid decline, and our economy is recovering from the background of the formation of a target contrast. This situation, the main reason is that the issue of the market, the phenomenon of excessive financing, the issuance of the company's funds to raise the situation is very serious. Gem Market, although the size of the listed companies are small, but the greed of the circle of money is the strongest, so that the collection of funds generally many times the actual need for funds.　　Under this mechanism, the "billionaire" of gem is naturally focused on the entrepreneurial investors, while the capital investors can only act as a "sucker". It is particularly noteworthy that in the "billionaires" spawned by the gem, there are many in the company before the public issue of shares, some engaged in the sponsorship of brokerage investment banking institutions to make use of the work of convenience, to be sponsored enterprises to put forward a share of requirements, in advance, latent in the Gem Enterprise, has formed in this market shocking "PE corruption "(PE refers to equity private activities, as opposed to public offering of shares)." Gem shares of the issue price can be outrageous, some multiples even more than 100 times times, and the trading market has a serious upside down, this and the sponsor in the ownership of equity after the actual interest motives, and the issue of collusion to raise the issue price is obviously a big deal.　　This "PE corruption" in the cultivation of "billionaire" in the process of "work is not", and capital investors can only for their wealth endlessly pay. Gem Market is to open up a retreat for venture capitalOut of the way of a market, entrepreneurial investors through market transactions to achieve wealth investment returns, this should be a normal phenomenon. But if only entrepreneurial investors keep reaping the fruits of their expectations, and capital investors can only be the swallowed of entrepreneurial investors, such markets are an unbalanced market and a market that lacks equity. Only the entrepreneurial investors and capital investors of the two forces to achieve common wealth, the market is alive. Obviously, although the gem market has been "full hundred", it seems to have a certain scale, but it is still a very immature market, at present this kind of fat raise the investor thin the situation must change, in order to avoid some foreign gem market "front door snub car horse sparse" end.