What does Guoguang purchase do?

Chen Guang Purchase (707339) is the online purchase code of Chen Guang New Materials (605339).

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 rules of quota allocation 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 654.38+10,000 yuan, the quota will be allocated to the account.

1 000 yuan market value can subscribe for 1 000 shares, 20000 yuan market value can subscribe for 2000 shares, and so on. 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.

Main features:

1, high liquidity: the subscription period of each new share does not exceed four trading days, which can meet the needs of investors to maximize the use of funds.

2. Share distribution is appropriately tilted towards small and medium investors.

3. Low risk.

Statistics of IPO data in this mature market in the United States show that only 20% of IPOs fell below the issue price on the day of listing; In the history of our country, the subscription of new shares has shown the effect of making money by "innovating", and few of them fell below the issue price on the day of listing. So this kind of business still belongs to the category of low-risk investment.

Refer to the above content: Baidu Encyclopedia-IPO subscription