What Should I Do Before Choosing a New IPO?

The subscription of new shares is to obtain the difference in returns between the primary market and the secondary market with very low risk. It does not participate in the secondary market speculation. Not only the principal is very safe, but the returns are relatively stable. It is an ideal investment choice for stable investors. IPO subscription is an investment method with the lowest risk and stable returns in the stock market. The IPO refers to the initial public offering (English translation of Initial Public Offerings, referred to as IPO), which refers to the process of the company's initial public offering of shares to investors through a stock exchange in order to raise funds for corporate development.

IPO subscription

IPO subscription is for stock acquisition

1.Funding

Beginning in 2016, the issuance of new shares of A shares will be purchased in accordance with the new rules, mainly including the cancellation of the existing prepayment system for new share purchases and the

2016 IPO purchase process rules:

1. Purchase time: The stock trading time is different. The stock trading time is 9:30 am to 11:30 am and 1:00 pm to 3:00 pm. For the purchase of new shares, as long as it is on the working day from 9:00 am to 3:00 pm You can submit a commission. Office workers can use the noon time to purchase.

2. Withdrawal of orders: Stock orders can be cancelled as long as they have not been transacted after the commission, and orders for new shares cannot be cancelled.

3. Subscription opportunities: Each account can only subscribe for a single new share once, and cannot repeat the subscription. Each new share has a "purchase cap", including a cap on quantity and a cap on funds. For example, if you have 500,000 for new shares, only one new share can be purchased on that day, and the purchase limit is 300,000 yuan. If you use only one account, you can only subscribe once, and the extra 200,000 yuan can only be purchased separately arrangement.

4. Winning number: Winning time T 2 is announced. For example, on July 17th, you can check whether you have won the securities account on the evening of the 19th. If you win, you will see the winning stocks and quantity in your positions. Without the successful bid, the frozen subscription share in the position disappeared.

5. Refund: The repayment time is T 3. For example, the frozen funds for the purchase of new shares on the 17th will be returned to the securities account after the announcement of the signing on the evening of the 19th. You can see the balance on the morning of the 20th. Bank transfer can be made to the bank.

One- and three-day subscription process: (used when co-issued with Hong Kong stocks)

T day, online purchase. No purchase is required for subscription based on market value.

On T + 1 day, the winning rate and winning number will be announced.

On T + 2 days, if you win, pay according to how much you win.

Note: The above T + N days are trading days and will be postponed on Saturdays, Sundays and other holidays

Purchase process for two or four days:

(1) On the day of purchase (T + 0), investors apply for purchase.

(2) On the first day after the subscription date (T + 1), the exchange will verify the capital.

(3) (T + 2) Lottery and announce the winning result

(4) (T + 3) Unfreeze the unsuccessful purchases

* Note: The number of winning shares will be credited after the market closes the day before the listing of the new shares.

Placing number by market value of account on T-2 day: Shenzhen 5000 yuan placing a number, 500 shares / number

Shanghai 10,000 yuan placing a number, 1000 shares / number

Investors want to obtain stable investment income in the purchase of new shares. To be realistic

Assume that Zhang San's account has 1.005 million yuan in cash.

As a successful investor, it is an inevitable requirement for an investment career to follow the market and pay close attention to market and policy changes. The issue of new shares has transitioned from a market value placement to a cash purchase. How should investors respond to market changes and what issues should they pay attention to?

First, we must understand and grasp the specific provisions in the new method, and pay attention to the issuance process of online pricing.

For example, in the Measures, it is clear that the purchase of funds follows the principle of "no cancellation of orders once declared". Investors can use the securities account they hold to purchase new shares issued from the exchange on the purchase date. Except for the securities account required by regulations, each securities account can only be subscribed for once. Repeated subscriptions except for the first subscription are valid subscriptions The purchases are automatically removed by the exchange trading system, and all purchases with incorrect funds are deemed to be invalid purchases. The Shanghai Stock Exchange stipulates that each subscription unit is 1,000 shares, and the number of subscriptions is not less than 1,000 shares, and those that exceed 1,000 shares must be integer multiples of 1,000 shares. The specific subscription time is 9: 30-11: 30 am, 1: 00-3: 00 pm, and so on.

IPO subscription

Second, we must focus on the risks associated with the primary market. With the introduction of market-oriented new share issuance, investing in new shares without risk and making money without losing will become history. Under the new issuance system, market factors will become more apparent. Therefore, investors should pay attention to the research on the fundamentals of listed companies and pay attention to some R & D reports of relevant institutions in order to avoid the risks of the primary market.

Third, we must learn to "change tricks" and change past stock selection ideas and investment strategies. With the launch of the New Deal, the market's investment thinking will undergo a fundamental change. That is to say, from pursuing a private business and gradually changing to value investment, focusing on the fundamentals and research fundamentals of listed companies will be accepted and respected by the market.

For example, investors who are accustomed to "new" in the primary market, after entering the secondary market due to the successful bidding application, because of their aversion to risk, they will actively pay attention to those blue chips with lower risks, more stable performance and higher returns. The company, thereby guiding secondary investors in the entire market to return to rationality and change the stock selection thinking of "emphasis on technology and light on fundamentals".

In addition, as the issuance of new shares is approaching, on the one hand, various people in the market begin to adjust the position structure, and institutions will free up funds from stocks with large cumulative gains on hand and small expected market potential, vacate positions, and welcome new ones.

On the other hand, institutional investors have relatively strong expectations that new stock offerings may bring new high-quality listed companies. When new stocks with good texture are listed, they will undoubtedly have a "crowding out" effect on similar stocks already held by institutions, thus Put pressure on the stock prices of such stocks. As the issuance date of new shares approaches, investors should pay attention to avoiding such risks.