China stock market dial ring alarm call to wait for the new stock issue

110, which is an alarm call, now this number has been dialed in Chinese stock market. December 3, the gem issuers Tomson times kin-announcement that the company stock is determined to be the final release price per share of $ 110, the corresponding earnings 115.29 times, this is also the second reform IPO after the first issue price more than hundred of new shares, and also set the gem IPO price.

This is a late "alarm", in fact, A stock market new shares have long to wait. The current round of new stock issue since last June, restart in "marketing" under the name issue, new shares issued to settle for the "three high" release, as issuer, naked "money" tool. To change this situation, from 1 November, the IPO also launched the second stage of reform. But more than a month, the "three high" issue persists, in which star bio release earnings 138.46 times the highest release earnings record; but the Tomson times kin-issuing price of $ 110 also hit a gem IPO price of new records. The second stage of reform is not issued.

In fact, 10 November, the first to the second phase of the reform of the doctrine of three small and medium-sized Board new shares of Fuling mustard, boss electrical and fire already tianguang as the second stage of reform sounded the alarm. Three new shares of Fuling mustard, the company is a non-scientific and technological content, no growth, but won release earnings 53.81 times, this is already a "ceiling price". Whereas on 29 November three little gem of new shares issued, is the second stage of reform of the system of issuing an awkward situation. Three stocks, Star bio release earnings up 138.46 times, reaching a new record for the highest release earnings; songcheng co. release earnings more than hundred times to reach 103.92 times; southern pump release earnings reached 74.12 times. The second stage of issuing system reform contained in the "three high" release of the target totally shattered. It is against this background, December 3, Tomson times kin release finally direct dial ring in Chinese stock market alert phone "110", A unit of the IPO market is indeed the most critical moments.

Of course, the current system of issuance of new shares is not zero. At least the main Board of the new shares is fairly rational. As of 23 November motherboard market release of Dalian port, unit of issue price per unit $ 3.8 22.2 times earnings.