When will the winning shares start trading?
Extended information:
1. lottery of new shares: the lottery rate is announced according to the rules of the exchange, and the lottery result is confirmed by the lead underwriter according to the total number of people. The winning results will be announced in the designated media on the first trading day (T+2) after the lottery. In China, each winning number can subscribe for 1000 shares (Shanghai Stock Exchange) or 500 shares (Shenzhen Stock Exchange).
2. Winning rate: Winning rate is just like winning rate in lottery. Because there are a lot of people and money to subscribe for new shares, but the number of issues is limited, it is impossible to share them alone. Because every subscription of 1000 shares is a subscription unit, you will get a subscription number. Then there will be lots, investors check the numbers, some people win the bid, and no one wins the bid. With the issuable quota/total subscription amount, the success rate of IPO can be obtained. The lower the winning percentage, the less likely it is to win.
3. Funds are different from new shares, and everyone can enjoy the issuance of funds. The winning percentage is calculated as above. Suppose the winning rate is 10%, 1000 yuan. If he invests 10000 yuan, he can successfully purchase the fund, and so on. With the resumption of new share issuance, market funds gradually flocked to the primary market to participate in risk-free arbitrage, which made a lot of profits. However, with the continuous increase of market funds, the winning rate of new shares of small and medium-sized investors has gradually decreased, and the return on investment has dropped significantly.
4. The stock is a part of the ownership of the joint-stock company, and it is also the ownership certificate issued by the joint-stock company. It is a kind of securities issued by a joint-stock company to each shareholder, which serves as a certificate for holding shares to obtain dividends and bonuses. It is a long-term credit tool in the stock market and can be transferred and traded. With it, shareholders can not only share the company's profits, but also bear the risks brought by the company's business mistakes. Each share represents the shareholder's ownership of the basic unit of the enterprise. Every listed company issues shares. The ownership of the company represented by each share in the same category is equal. The share of ownership of the company owned by each shareholder depends on the proportion of shares held by each shareholder to the total share capital of the company. It is an inseparable part of the capital of a joint-stock company and can be transferred and traded. It is the main long-term credit tool in the capital market, but the company cannot be required to return its capital contribution.