What happens when the number of new shares subscribed exceeds its total market value? How to calculate the market value of stock account?

The total market value refers to the amount of new shares that have been subscribed. For example, in the first 20 trading days, if the average daily holding amount of Shanghai shares reaches 1 1,000 yuan, you can get the subscription quota of 1 1,000 shares, which can be viewed in the trading software. If you subscribe for 2000 new shares, it will be invalid if you exceed this quota.

The higher the market value of online subscription of single-customer and single-market new shares, the more the subscription amount of a single stock can be, but the maximum can not exceed the subscription limit of a single customer and a single stock.

T+ 1 day (T is the online subscription date determined in the issuance announcement), and the lead underwriter will announce the winning rate in the designated media. If the effective subscription amount is greater than the online circulation, under the supervision of the notary department, the lead underwriter will preside over the lottery to confirm the winning result, and announce the winning result in the designated media on T+2.

Extended data:

For the subscription of new shares, the system will allocate the quota according to the market value of the shares held by the account, and only when there is a quota can the subscription be made. The quota allocation rules are as follows: Assuming that T day is the subscription day, the system will automatically calculate the daily average stock market value in the account from T-2 to the first 20 trading days. Only when the average daily stock market value reaches more than 654.38+00000 yuan will it be allocated to this account. The market value of 654.38+0000 yuan can be subscribed for 654.38+0000 shares, and the market value of 20000 yuan can be subscribed for 2000 shares.

In addition, the Shanghai and Shenzhen markets are calculated separately. To subscribe for new shares in Shenzhen, you must have the stock market value of Shenzhen, and to subscribe for new shares in Shanghai, you must have the stock market value of Shanghai.

Baidu encyclopedia-subscription of new shares