Years ago it was the IPO market was not expected

Click to view the latest market in January this year a total of 35 new shares issued, according to the current published price of 21 new shares, the cumulative raise 31 billion yuan, the average price of 38.99 yuan, the average issue of 74.98 times times P/E, the issue of the market net rate of 13.33 times times, are a record high. Every January (before the Spring Festival) has always been a high issue of new shares, but all the signs that this year, the momentum of the more frenzied robbery, which may imply a deeper meaning behind.　　But in any case, as a market leading indicator, only the IPO price-earnings ratio is significantly lower, the break significantly improved, investors can be assured to enter the time.　　He WAN men fell market shares but the price rises 20% with yesterday's announcement January 27 will have 5 gem new issue, this year's IPO size estimates have been dust settled. Statistics show that in January this year a total of 35 new shares issued, according to the current published price of 21 new shares, the cumulative raise 31 billion yuan, the average price of 38.99 yuan, the average issue of 74.98 times times, the issue of the market net rate of 13.33 times times, are a record high.　　The 14 new shares in the roadshow are calculated at an average price of 39 yuan, and the total amount will be $48.6 billion in January.　　It may be a coincidence that last January, there were 35 new shares issued, totaling 42.4 billion yuan, the average issue price, the issuance of P/E and the market net rate is 28.89 yuan, 62.47 times times and 10.96 times times respectively. Originally, last January Shanghai Composite Index between 3200 to 3,000 points, this year January between 2850 to 2,700 points, two-tier market share price down more than 10%, market-oriented new issue should be builders, cheap more than 10% is. Behold, the higher the stock market, the average price of new shares has reached 20%. Is it not that inflation is coming and housing prices are rising most?　　Last year, 70 large and medium-sized cities in the past year prices rose 7.7%, compared to the new shares is really dwarfed. To see the listing performance, last year 35 new shares break only China's west, two heavy loaded and three shares of joy, and this year has been listed 11 new shares, the first day has 7 break, coupled with the break of the pioneer and the source of oil, the current "fruit only" only the Central China numerical control and Lehman photoelectric two.　　The author estimates that the incoming or high premium, deep break, you do not see just announced the issue price of the big wisdom of 85.93 times times, the issue of the market net rate of 19.5 times times! This January, the momentum of the robbery is more fierce every January (before the Spring Festival) is always a high issue of new shares, this is mainly the Spring Festival to provide new annual report data, and January relatively loose funds, such as this January, according to the central bank deputy Governor Yi Gang publicly disclosed that the credit will reach 1.268 trillion, and last January more than 1.39 trillion.　　But from all indications, this year, the momentum of robbery is even more crazy. First, the inflation situation this year is not optimistic. A recent plenary meeting of the State Council will "guarantee prices, adjust housing prices, prevent credit" as the first quarter of the top priority, we must do everything possible to protect the main agricultural products, basic necessities of life, the production of important goodsand supply. However, the real life is rising in the sound: the northern drought continues to spread, the price of agricultural products has a chain reaction; steel prices exceed last year's highest point, following the January increase in steel prices, Baosteel, Wisco, Angang three steel mills have announced the increase in February prices, however, the steel mills are still working for the iron ore; international investment banks have raised copper, aluminum and silver , as well as gold, iron ore, coal and other commodity prices, ranging in the range of 15% to 40%.　　Obviously, these prices of basic products make "control inflation" more and more difficult, raise interest rate, increase reserve ratio and so on a large number of regulatory measures are still behind. Secondly, according to the recent large batch break, the general manager of Shenzhen stock market, Song Liping, said bluntly, "investment banks should self-discipline, do not blindly compare, resulting in high valuations," to "take practical measures to market responsibility." All this gives the impression that the price of the spring Festival may be down.　　This is the main reason why the stock market rebounded yesterday.　　Third, the history of the past has proved that break often form a wind, or not broken, it will continue for a period of time, until the new shares are forced to lay down their value, everyone wants to rob the new issue before the drop. To sum up, the current market expectations are unclear, at best, only a weak rebound, the amount of sharp shrinkage is the best proof.　　New shares have always been the market leading indicators, only the issue of new shares significantly decreased, break significantly improved, is the ease of entry. Yesterday, the market in the concept of high-speed trains under the crazy pull, making the stock index lower open shocks higher. Shanghai Composite Index to a Yang line closed at 2758.1 points, rose 49.12 points, the increase of 1.81%; The Shen-syndrome indices also rose 294.96 points with a Yang line, closed at 12066.55 points, or 2.51%. Turnover of the cities amounted to 155.08 billion yuan, slightly enlarged than Tuesday.