Gem to raise 48,900,000,100 companies to spend money

Securities Times reporter Yang Lihua today, the state Teng electronics will be 32 yuan issue price online, which also means that the state Teng electronic super raise 375 million yuan (and its proposed 175 million yuan) is about to become a reality, over twice times this phenomenon has not been the media and investors. Because this number does not exceed 6.09 times times the highest record of the super raise, also did not create the lowest proportion of embarrassing record.　　How much money to raise is not important, but it is important that how to use the fund and how to supervise is the focus of more attention. Since the first batch of 28 companies to go public, the phenomenon of the super raise. Securities Times statistics show that 100 companies to raise more than 48.9 billion yuan, the average company to raise nearly 500 million yuan, the average super raise ratio of 2.18 times times.　　And the state Teng electronic super raise ratio is close to the current gem companies exceed the average. How to use a huge amount of funds, is the gem Company "Happy Troubles." Century Securities senior analyst Lu Lihua that the super raise for the gem companies and investors, is a double-edged sword: Super Raise the company to obtain unprecedented huge capital flow, can enable the company to rapidly improve the scale of operation, if the operation and management follow-up, market demand is large enough, the industry development prospects, then the company in the rapid development of the same time, can also bring excess returns to investors.　　But if the investment project loses or the project benefit is low, may affect the company follow-up development ability, is disadvantageous to the investor. At present, about half of the listed companies announced the direction of the use of super funds, super raise funds to expand the main business is the best choice, but in fact only a few companies such as the Century Ding Li.　　Many gem companies have not yet found a suitable investment in the fund, and even a lot of gem companies have to invest in the real estate, land and other real estate, such as the Shenzhou Tai Yue, Pathfinder and so on. Lu Lihua expects that the gem will continue to exceed the IPO, until the new stock break even the company back to the market, super raise momentum can be curbed, therefore, the future gem will still be in how to effectively use the super raise money problems.