China Naming Network - Ziwei knowledge - How many new shares can 2 million North Stock Exchange play?

How many new shares can 2 million North Stock Exchange play?

There is no market value requirement for new shares issued by Beijing Stock Exchange, and they can be purchased as long as there is cash. The new shares issued by Beijing Stock Exchange are placed in proportion. For example, if the winning rate of a new share is 10% and the subscription is 10000 shares, then the allotment is 10000 shares * 10% = 1000 shares.

New rules of Beijing Stock Exchange:

1, proportional placement+priority purchase times, with the same priority purchase times;

2. It needs to be paid in full (the subscription funds should be deposited in the fund account in full before subscription);

3. Purchase time: 9:15-1:3013: 00-15: 00;

4, individual investors can play under the new network, the threshold is100000 yuan +5 years of experience.

After the company's listing application is approved, the initial public offering will raise funds from the market and sell some shares. Individuals or investment institutions will subscribe for these new shares online or offline, which is called IPO or IPO subscription. To subscribe for new shares, a securities account of Shanghai Stock Exchange or Shenzhen Stock Exchange must be established before the issuance date.

The online pricing issuance processes announced by the two exchanges are basically the same. On the day of subscription, investors subscribe for new shares according to the market value held in their accounts. After 20 16, there is no need to pay in advance, but to place shares according to the market value of the investor's stock account. The subscription procedure is as follows:

1, online issuance announcement

On T- 1 day, the issuer and the lead underwriter published an online issuance announcement.

Step 2 Implement subscriptions

On T day, investors can inquire about their market value or purchasable quota through the securities companies designated for trading, and investors can subscribe for new shares according to the purchasable quota; Match the number on the same day and send the matching result data.

Where the issuer and the lead underwriter arrange the number of callbacks between online issuance and offline issuance according to Article 10 of the Measures for the Administration of Securities Issuance and Underwriting, they shall notify the Exchange of the number of callbacks between online issuance and offline issuance on T day.

3. Lucky draw

On T+ 1 day, the lead underwriter announced the winning rate, organized the lottery to form the winning result, and the Shanghai Stock Exchange sent the winning result to the securities company after the closing of the day.

Note: T+ 1 day, the original subscription capital verification was cancelled.

4. announce the winning result.

On T+2, the lead underwriter announces the issue price and the winning result, and investors can also inquire about the winning result from their designated securities companies.

Investors who win the lottery shall fulfill the obligation of fund delivery according to the result of the lottery, and ensure that their fund accounts have enough funds for the subscription of new shares at the end of T+2.

5. Settlement of subscription funds

Before T+3 15: 00, settlement participants shall report to China Clearing that their investors have given up their subscription data; 16: 00, China Clearing settled the subscription funds and transferred them to the fund settlement account of the lead underwriter.

6. Publish the results of online distribution

On T+4, the lead underwriter will allocate the subscription funds after deducting the underwriting fees to the issuer and announce the online issuance results.