How to break the fierce game between new and old shareholders in the opening batch of selected 32 new shares?

category:Finance
 How to break the fierce game between new and old shareholders in the opening batch of selected 32 new shares?


The decline narrowed an hour after the opening. As of midday trading, 12 of the 32 stocks closed up, n-share ranked first with 64% increase, and 10 stocks including n taixiang, n Kaitian and N Guoyuan fell more than 10%.

Trading activity and volume also showed differentiation. By midday, the transaction amount of Star stock n beiteri had exceeded 300 million yuan, and the transaction amount of n Guandian, n Chuangyuan and N Sen Xuan had exceeded 100 million yuan. From the transaction activity point of view, the turnover rate of N Sen Xuan is more than 20%, and that of N Sanyou, n Guandian and N Airong is more than 10%.

Does the market performance on the first day of the stock market show that the old stock holders and the new stock winners are playing a game? Is the fund scramble suppressed? Will the selling pressure that the market worried about may be solved?

Some people in the new third board industry told the first finance and economics reporter that a large area of breakout appeared in the early stage of the market opening of the selected layer, which was related to the different shareholder structure of the selected layer.

The new third board trading is different from a shares in that there are both new shares and old stocks issued publicly, which has a certain pressure on the market.

Specifically, the listed companies have experienced the public transfer of innovation layer before entering into the selection layer, and the equity has been dispersed to a certain extent. The senior shareholders who hold less than 5% of the shares before the public offering (i.e. the old shareholders) have the same trading rights as the new shareholders who participate in the public offering after the public offering of shares enters the selective layer. Secondly, due to the fully market-oriented pricing of the select layer, it is not constrained by the P / E ratio. Under the market-oriented mechanism, investors need to look at the breakout rationally. Early selection layer issuance by the market hot, offline inquiry investors in order to ensure the shortlisted, may lead to high inquiry results. The issue price reflects the valuation expectations of offline inquiry investors for the company, but also contains certain blind and speculative factors. After the start of trading of selected stocks, many investors are more cautious and rational on the investment attitude of the science and technology innovation board, leading to the return of the valuation of the selected stocks. According to the above-mentioned people. Source: Yang Qian, editor in charge of Finance and Economics_ NF4425

Specifically, the listed companies have experienced the public transfer of innovation layer before entering into the selection layer, and the equity has been dispersed to a certain extent. The senior shareholders who hold less than 5% of the shares before the public offering (i.e. the old shareholders) have the same trading rights as the new shareholders who participate in the public offering after the public offering of shares enters the selective layer.

Secondly, due to the fully market-oriented pricing of the select layer, it is not constrained by the P / E ratio. Under the market-oriented mechanism, investors need to look at the breakout rationally. Early selection layer issuance by the market hot, offline inquiry investors in order to ensure the shortlisted, may lead to high inquiry results.

The issue price reflects the valuation expectations of offline inquiry investors for the company, but also contains certain blind and speculative factors. After the start of trading of selected stocks, many investors are more cautious and rational on the investment attitude of the science and technology innovation board, leading to the return of the valuation of the selected stocks. According to the above-mentioned people.