How to buy original shares?
(1) Acquisition of original shares issued by enterprises. The establishment of a joint stock limited company can be initiated or raised. Initiation refers to the establishment of a company by the sponsors subscribing for all the shares that should be issued; The establishment by public offering refers to a company established by the promoters who subscribe for part of the shares that should be issued by the company and publicly offer the rest of the shares to the public.
The shares subscribed by the promoters shall not be transferred within one year, so the so-called original shares sold in the society generally refer to the shares publicly offered to the public when a joint stock limited company is established.
② Transfer and purchase. The shares held by the promoters of the company are registered shares and may not be transferred within one year from the date of establishment of the company. After one year, the transfer shall be made at the designated stock exchange, and the transfer shall be made by the shareholders by endorsement or by other means stipulated by laws and administrative regulations.
The shares issued to the public can be registered shares or bearer shares. The transfer of bearer shares must be carried out at a legally established stock exchange. Some illegal equity transactions are mostly carried out in the name of investment consulting companies, and investment consulting institutions are not qualified to buy and sell equity as agents.
Second, the original shares will have different distribution ratios according to different situations.
1. If the company has indeed entered the listing process, it is certainly more cost-effective to subscribe for the original shares. However, the key is to judge the reliability of listing. The general experience is: whether there is a financial consultant, whether there is a formal audit, who will do the legal opinion, who is the underwriter, and so on. Only three or more of them can explain the listing procedures that have been entered;
2. The subscription price of the company and the issue price of the future listing need to be calculated from the relevant data in the audit report. In principle, the internal subscription price should be a discount of the issue price, such as 50% discount. Assume that the underwriter expects the issue price to be 10 yuan, and if the internal subscription is 50% off, it will be 5 yuan;
3. There are many uncertainties in whether the company's performance and market determine whether the stock can appreciate;
4. There is a time limit for the original shares to enter the secondary market, that is, the lock-up period (lock-up period), which is generally 1-3 years. Different countries, different exchanges and different sectors have different regulations;
5. If the listing is unsuccessful, it is generally not refundable (because it is already a shareholder). However, the controlling shareholder or major shareholder may also be required to buy back shares before listing;
6. Dividends shall be divided according to the company's annual performance, and the board of directors shall decide whether or not to divide them; If it is split, it is calculated according to the number of shares held.
Extended data:
The risk of buying the original shares of the New Third Board:
It is rarely heard that the income category 1 and the new third board can rise by 10 times;
2, buy the original shares of this company, whether the company can go public smoothly should be a question mark, if it can't go public, it is not convenient to transfer and buy and sell, if the listing fails, those original shares will rot in their hands;
3. The key to the rise and fall of stocks depends on the company's performance and development prospects. If everyone is not optimistic about this company, no one will take over the stock.
References:
Original Baidu encyclopedia