The investment bank argues: the first big company or the small company

The news that Shangwen IPO is about to restart immediately aroused the strong concern of the market parties.　　As investors focus more on the impact of the IPO restart on future stock index movements, the insiders of brokerage bankers in the market are already arguing about whether to start a big company or a small company after the launch. "Now is a good time to resume the IPO," said Ding, managing director of CICC. "But in the initial listing of companies to choose from, Ding that there is no need to focus on the small companies are completely limited." "Small has small advantages, great benefits." Only the larger companies can give individual investors more chances to check, the stock price is not easy to be manipulated, so as to ensure the smooth trading after the listing in order to stabilize investor confidence. "Unlike Ding's point of view, in the initial selection of listed companies, the industry appeared to a one-sided situation to small companies."　　Most investment bankers believe that in the early days of the IPO restart, the first choice of small companies in the IPO is not easy to impact on the financial side of the market, thereby giving investors and the market a buffer process. However, the industry has not limited their attention to the size of the listed companies, but more to consider its stability.　　Ping An securities President Shirong said that, after the IPO restart, should be selected by the economic cyclical impact of small, stable performance of the company first hair, which is conducive to investors to accept. Whether it is a big company first, or a small company, easy to reach the fund company president Ye Junying that the current recovery of the securities market financing function is very good timing, and the key to control the regulatory department is the overall scale of financing and rhythm of the grasp.　　He suggested that regulators should pay enough attention and attention to market response, control the pace of distribution and not put too much pressure on the capital. "All parties should be confident in the reform of the IPO system and the resumption of IPOs." CITIC Investment president Wangchangqing said in a positive tone. In this respect, Wang Evergreen gave his own two reasons. First of all, the distribution system is not the beginning of today, 2005 when the inquiry system was launched, although the period experienced a share reform, the suspension of the IPO stage, but the reform of the distribution system has never been interrupted, the foundation of the reform still exists; second, after the stock reform and market adjustment, Market participants have been fully aware of the risks of the securities market and the risks that the IPO may bring. "So we should be full of confidence. ”