There are 14 new issues coming up next week, CFP again, a week-by-year record of intense issuance, "the atmosphere of the Spring Festival," which describes the relevance and heartbreak of this year's IPO. Since January, 21 new shares in Shenzhen-Shanghai IPO, 9 new shares on the first day break, of which 5 new shares of the collective break, the people surprised, with the market turmoil, there have been 14 below the IPO price, break rate of 66%, a record high. At the time of the market, another 14 new listings will be issued next week, again setting a record for a single week of intense issuance. Super 60% new shares break before the time of the IPO is still admirable good, but into the 2011, who would have to hit the newly-signed can only use unlucky to describe. Since January, 21 IPOs in Shenzhen and Shanghai have been issued and 9 new shares have been listed on the first day of the IPO. One of the most miserable is the motherboard in the history of the most expensive sinovel wind power, its 90 of the issue price to Friday close only 72.43 yuan, if the shareholders still in the dead knock, then his book floating loss has nearly 18,000 yuan. In addition, January 18, Sirte, style shares, Xindu Chemical, hung road steel and Asia-Pacific technology 5 new shares landing A shares, the results of the first day will be "annihilated", collective break. Among them, the style shares, the Xindu Chemical Industry and Asia-Pacific technology fell more than 10% on the first day, can be said to be breathtaking. And as the market shocks, there have been 14 below the IPO price, break rate of 66%. In addition to the issuance of new listings this year repeatedly break, IPO rules after the listing of the IPO is also in a comprehensive break in the situation. According to statistics, the new IPO rules have 64 IPO transactions, break number reached 31, break rate of up to 48.44%. Agency floating deficit billions of because of "new shares unbeaten" myth long play, so the inquiry agency in the inquiry stage to push high issue price, expect the net after being able to in the two-tier market to make a fortune. To Sinovel, for example, in the process of inquiry, including Fortis Bank, love to build securities, wealth securities, Hualin Securities, Huatai Securities, such as the declaration price of more than 100 yuan/share. Among them, the declaration price of warfarin Securities reached 138 yuan/share. But the first-day break of the IPO makes 49 organizations float on the daily loss of 1.7 billion. This includes a number of funds. It is reported that 7 funds have participated in the distribution under the Sinovel network, with a total of 1.51 million shares. Among them, the big value growth, the middle sea income and the steady income of the square reached 517,200 shares, 310,300 shares and 258,600 shares respectively, and the current fund loss has reached about 27 million. In addition, Peng Wah Fund, China-EU solid income, China-rich enhanced returns, China-rich income enhancement and other funds have also been under the Asia-Pacific Science and Technology network placement of shares. It is also "heavily indebted". Break or force "three high" cool new stock break apart from the recent weak market, the more important factor is the "three-high" problem. Wind statistics show that since January, the two cities issued new shares, its average price of 39.78 yuan/shares, of which Sinovel has reached a staggering90 yuan/share, the source of oil, Oriental country letter, Dwight Video and day Rui equipment issued prices are more than 50 yuan/share. In terms of the average P/E ratio since the release, the average earnings ratio of these new shares has reached 78.7 times-fold, with Lehman's photovoltaic and pioneer materials trading at 131.49 times-and 123.81 times-fold ratios respectively. From the fund-raising situation, the new shares are expected to raise funds for 10.194 billion yuan, the actual fund-raising has reached 28.484 billion yuan, over the fund 18.29 billion yuan, the average of more than 914 million yuan, the overall proportion reached 174%. Faced with this "height", investors only choose to "vote with their feet", so the new shares break began to play. Another 14 new shares will be released next week, and many investors have given up on the current market. Liping, general manager of Shenzhen, said that break is an inevitable phenomenon in the process of reform of the IPO system, which is caused by the difference in the recognition of enterprise valuation. She called on investment banks to take self-discipline measures to pay attention to the IPO pricing link. Market analysts believe that the recent IPO on the first day of the break will lead to a return to normal price earnings, and the IPO rate will be significantly increased. But this is only temporary phenomenon, once the new stock break phenomenon disappears, the market picks up, the investor still can "the good scar forgets the ache". Newspaper reporter Shaozehui
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