IPO reform launches first batch of three companies

New issue reform launches the first batch of three companies "early adopters" securities Times reporter Xuewen, the securities Times reporter yesterday confirmed from several channels, the second phase of the new issue reform from today's IPO officially began to implement.　　Prior to that, in October, the SFC formally issued the "guidance on deepening the reform of the IPO system" and "on the amendment of securities issuance and underwriting management measures" decision, according to the arrangement, the second phase of the new issue of the reform measures on November 1 began to implement. Today, a total of 3 new shares were approved, respectively, for the boss of electrical appliances, day wide fire and fuling mustard.　　The Securities Times reporter learned from a number of people this batch of new shares will be the pilot, in accordance with the new issue of the second phase of the reform of the relevant provisions, including the improvement of the purchase price and placing constraints, network placement will also take the way to expand the scope of inquiry object, the introduction of higher pricing capacity, high-quality long-term institutional investors. A person in the industry told the Securities Times reporter, the approval and previous version is no different. "However, we know that the second phase of the new issue reform measures began November 1, and has already done a full preparatory work." "The person revealed that the current can be sure that the IPO will be introduced into the private sector, specifically sponsored by the recommendation to produce." "This is the biggest change in the IPO, but currently does not have a specific list of shortlisted private equity institutions."　　said the person. The Securities Times reporter confirmed from another relevant sources that this batch of new shares will implement the second phase of the reform of the new issue. The person also made an analysis of the possible impact of the second phase of the new issue reform on the issue of new shares. He said that due to the expansion of the scope of inquiry, the introduction of private-equity agencies to participate in the inquiry and under the network placement of the lottery, the IPO is expected to decline, the phenomenon will be a certain degree of relief. "Overall, the new enthusiasm in the primary market will cool down, and the two-tier market may have a chance because of a fall in the price/earnings ratio." With the new issue of the "three High" solution, in the long run conducive to the healthy development of the market. "The person said.