The question of the price of new shares, how are new shares priced?

Let me tell you about it. 1. Why is it so difficult to subscribe to the new ** now?

It is because the new shares subscribed for ten yuan can be speculated now, so everyone thinks that as long as the new shares are subscribed, they will win the jackpot and grab the first subscription.

2. If I subscribe to the Bank of Beijing, I think that ** must be above 23 after listing, so I hang up 23's ** to take, and some people also think that 23 is very reasonable**, and are willing to take 23**, so we have a deal, and the transaction price is 23.

3. If the public generally believes that the Bank of Beijing is worth more than 30 yuan, and no one wants to sell below 30 yuan for all the people who subscribe to the **, then the lowest price of the Bank of Beijing must be 30 yuan. So this opening price is the valuation of the stock by buyers and sellers when it was first listed.

4. So what do you say about raising the ** of **?

It makes people's expectations of **, and the valuation of him raises his **.

If everybody thinks it's worth five dollars, then it will sell for five dollars as soon as it goes on the market.

**There are many virtual values, and if you are optimistic about it, it will be expensive, and if you are not optimistic, it will fall.

Hope you are satisfied.

When everyone is bidding according to 23 or even higher, then he will open at 23, because the buyer thinks that the Bank of Beijing is worth 23 **.

The reason why the issuance of new shares at the market average** does not dilute earnings per share is that the new shares are priced according to the market, that is, they are issued at the market price; Because it is a new share issued at the market price, of course, there is no issue of dilution of equity. Earnings per share is equal to net profit divided by the total number of shares, so the market average** issue of new shares will not affect earnings per share.

1. Earnings per share.

Earnings per share is earnings per share (EPS), also known as profit after tax per share and earnings per share, which refers to the ratio of profit after tax to total share capital. It is the net profit of the enterprise or the net loss of the enterprise that ordinary shareholders can bear for each share they hold. Earnings per share is usually used to reflect the operating results of enterprises, measure the profitability of common shares and investment risks, and is one of the important financial indicators for investors and other information users to evaluate the profitability of enterprises, the growth potential of enterprises, and then make relevant economic decisions.

In the income statement, Article 9 lists the items of "basic earnings per share" and "diluted earnings per share".

Among the many tools for fundamental investment analysis, EPS is one of the most common reference indicators, along with indicators such as price-earnings ratio, price-to-book ratio, and discounted cash flow.

2. Overview of investment analysis methods.

Human cognition of the law of fluctuation is a very challenging and world-class problem. To date, no theory or method has been convincing and has stood the test of time – in 2013, the Royal Swedish Academy of Sciences, in awarding Robert Schiller and others the Nobel Prize in Economic Sciences that year, pointed out that there are few ways to pinpoint where the bond market will go in the coming days or weeks, but perhaps research can be done over three years or more.

**There are two main investment analysis methods: fundamental analysis and technical analysis.

Fundamental analysis: It is mainly based on the analysis of the investment value, so as to determine the purchase and sale of the investment.

Technical analysis: According to the trajectory of the stock price, the movement trend of the stock price is analyzed by mathematical methods, so as to capture the buying and selling signals and grasp the buying and selling opportunities.

Earnings per share is the most important financial indicator to measure the profitability of listed companies. It reflects the level of profit on common stocks. In the analysis, comparisons between companies can be made to evaluate the relative profitability of the company; It is possible to make comparisons over different periods to understand the trend of the company's profitability; You can compare the actual business performance and profitability**, and grasp the company's management ability.

Earnings per share is equal to net profit divided by the total number of shares, and has nothing to do with the issuance, so what the issuance will not affect the earnings per share.

If the question is raised in response to the dilution of earnings per share in the CPA textbook: both warrants and share options are assumed to be exercised at the beginning of the current period (or the issue date in the case of the current issue), and earnings per share are calculated at the end of the current period. The consideration for the market issue of new shares has led to an increase in net profit in equal proportion, so earnings per share are not diluted.

In general, it is: ** issuance first (weighted average issuance is required during the issuance), earnings per share are calculated later, and the issuance of new shares at the market price brings the same proportion of net profit.

3. What will happen to the IPO?

If there are no accidents during this period, the new shares will be listed within 8 14 calendar days from the subscription date.

Compared with these two major sectors (ChiNext and STAR Market), there will be no price limit for the first 5 days after listing, and the daily price limit will be 20% from the 6th trading day. The price limit on the first day of listing of new shares on the Main Board shall not be higher than 144% of the issue price and shall not be less than 64% of the issue price**. If the issue price is 10 yuan shares, then the yuan shares can only be the highest price of the day, the yuan shares are the lowest lower limit, according to my years of tracking observation, the general limit is on the first day of the main board new shares, the number of later boards is more than 5, as for when the new shares are sold, it has to be judged comprehensively according to the actual situation and the market. If there is a breakdown on the day of the listing of the new stock and it continues, selling it on the day of listing can effectively reduce losses.

Since the rise and fall of new shares on the Science and Technology Innovation Board and ChiNext Board are not restricted, to prevent the stock price from falling, in case a small partner wins the lottery, these small partners can sell directly on the first day of listing. In addition, if the ** is continuously connected to the board, when encountering the situation of opening the board, the senior sister suggests that friends should seize the time to resell the safest.

The basic attributes of ** ultimately have to return to the company's performance, can not judge whether a company is good or not can not be a comprehensive analysis of the company is not a few, resulting in a loss of sight, there is a free diagnosis of stocks to push to everyone, knock in, you can know whether you buy** high quality or not: [free] test your ** is good?

Answer: Hello, the issue price belongs to the primary market, which is generally calculated by the price-earnings ratio pricing method or the net asset ratio method. At present, the reference formula for determining **issuance** in the international market is: **issuance** = price-earnings ratio reduction value * 40% dividend reduction rate * 20% net value per share * 20% expected dividend of the current year and one-year deposit interest rate reduction value * 20%.

**The issue price is generally determined by the lead underwriter first, and a roadshow promotion meeting is held to repeatedly revise the issue according to the demand and demand information, and finally determine the issuance.

Investors can see the issue price range of a new share on the prospectus, and ** pay at the upper limit of the issue price when subscribing.

There are several main ways to price a new share offering:

1) Negotiated pricing method: The method shall be determined by the issuer and the lead underwriter through negotiation, and shall be submitted to the China Securities Regulatory Commission for approval.

2) The general inquiry method is to issue a combination of online issuance to general investors and placement to institutional investors, the issuer and the lead underwriter determine the issuance volume and issue floor price in advance, through the inquiry of institutional investors, and according to the institutional investors' appointment subscription to determine the final issuance**, with the same ** to institutional investors and online issuance to general investors.

3) Cumulative bidding inquiry method: This method refers to a way to determine the issuance of ** according to the subscription willingness of investors under different ** in the issuance process.

4) Online bidding means that the issuer and the lead underwriter use the trading system of the ** exchange, with the lead underwriter as the sole seller of new shares, with the minimum issue floor price announced by the issuer and the actual issuance of new shares as the total number of sales, and the investor bids for the entrustment within the specified time, and the issuer and the lead underwriter determine the issuance and issuance according to the principle of priority.

Extended Information: What does IPO mean? What are the requirements?

1. What is IPO subscription?

When a company plans to go public, most of them will sell a considerable amount of ** to investors, some of which will be in **account**, which can be purchased by subscription, and under normal circumstances, the subscription ** is much lower than that when it was first listed.

2. Conditions required for subscribing for new shares:

If you want to participate in the IPO subscription, you need to hold ** on average every day and have a market value of at least 10,000 yuan or more within 20 trading days before T-2 day (T day is the online subscription date) in order to be eligible to participate in the subscription lottery. For example, if I want to participate in the subscription of new shares on August 23, I have to start counting from August 19 and move forward for 20 trading days, which means that from July 22, the market value of my account must be maintained at more than 10,000 yuan in order to be eligible for the allocation number. Only when the allocation number assigned to you is in the winning section, the part of the new shares that have won the lottery can be subscribed.

3. How to improve the probability of winning the lottery for new stocks?

In the long run, there is no relationship between winning the lottery and the subscription time, if you need to increase the probability of winning the lottery for new shares, the following practices can be used as a reference:

1) Increase the subscription quota: If the market value of the previous position is more, the greater the number of matching numbers you can have, and the probability of winning the lottery will naturally increase.

2) Try to open all subscription permissions: If you have a certain amount of funds, even holding positions is also a way, and opening the subscription permission of the main board will also open the subscription permission of the Science and Technology Innovation Board. In this case, no matter what the situation is, the new shares can be subscribed, so that the chance of winning the lottery can also be increased.

3) Insist on playing new: Don't miss every opportunity to hit new stocks, because the probability of new stocks is very small, so we still need to insist on lottery, and firmly believe that the opportunity will always be our turn.

The difference may depend on the company's own original shares and new shares.

Speaking of playing new stocks, the first thing that comes to everyone's mind is the Dongpeng Special Drink Bar a while ago, as soon as it was listed, there were more than 10 daily limits in a row, and a total of 220,000 yuan could be earned in a lot, which was simply a "sweet spot" in the New Territories. It looks very profitable to play new stocks, but do you know how to play? So how to improve the winning rate?

Therefore, today I will give you a good science popularization about the new stocks.

Before everyone listens, let's take a look at this wave of benefits - the ** list selected by the organization is newly released, and such a good benefit must not be missed: Quick Collar! Today's list of institutions is newly released!

3. What will happen to the IPO?

Assuming that all aspects go smoothly, the new shares will be listed within 8 14 calendar days from the subscription date.

For ChiNext and STAR Market, the limit on the decline of the first 5 days of listing will not be set, and the limit will be 20% from the 6th trading day. The price limit on the first day of listing of new shares on the Main Board shall not be higher than 144% of the issue price and shall not be less than 64% of the issue price**. For a simple example, if the issue price is 10 yuan shares, the highest price of the day can only be to yuan shares, and the lowest can not be less than yuan shares.

For when to sell new shares, it is necessary to make a general analysis according to the actual situation and the market. If the new stock is broken on the day of listing and it is continuous, it is better to sell it on the day of listing, which can effectively avoid losses.

Since the rise and fall of new shares on the Science and Technology Innovation Board and the Growth Enterprise Market are not restricted, to prevent the occurrence of stock prices, when the stock price is listed on the first day, the friends who have won the lottery can sell it directly. In addition, if the ** of the board continues to be connected, when the board is opened, it is recommended that friends resell it, which is the safest practice.

In fact, in the end, it depends on the performance of listed companies, there is no way to determine whether a company is a good company or there are many people who are not in place, resulting in inaccurate losses.

The length of time for the share reform of listed companies is different, and the value of the appraisal is also different. The value of the original shares also varies with the time period in which the shares enter. The subscription price of new shares is the pricing of listed companies after being evaluated by professional institutions and evaluated by the average price-earnings ratio of the industry in which the dealer is located.

This pricing is also different from the value of the original**. The difference can be several times or dozens of times.

This pricing is also different from the value of the original**. The subscription price of the new shares is evaluated by a professional institution by the listed company. The difference can be several times or dozens of times, and the value of the appraisal is also different, and the length of time for the share reform of listed companies is different.

The value of the original shares also varies with the time period in which the shares enter, and the price is priced by the dealer after evaluating the average price-to-earnings ratio of the industry in which it is located.