How are original shares bought and sold? What do I need to pay attention to?

I would also like to know these questions.

The original shares are issued by the company before the listing, and the first shares are generally lower, and investors will get greater returns by holding the original shares, but the original shares have a fly in the ointment: there is a certain lock-up period, that is, within the lock-up period, it cannot be listed and traded, and after the lock-up period, it can be listed and traded normally.

According to the relevant regulations: for ordinary shareholders (non-controlling shareholders, actual controllers and their related parties), they will be locked for one year from the date of listing and trading; For major shareholders and controlling shareholders, they are generally not allowed to transfer or trade within three years; For senior executives, the shares transferred each year during their tenure shall not exceed 25 of the total number of shares held by them, and the shares held by them shall not be transferred within six months after leaving office.

At the same time, investors who hold the original shares, after the lock-up period of the original shares, can consider whether to sell or continue to hold in combination with the actual situation of the market, for example, if the performance is better and can promote the continuous rise, the investor can continue to hold, otherwise, the original shares can be considered.

Generally speaking, the original shares have a certain lock-up period, during the lock-up period, they cannot be listed and traded, after the lock-up period, they can be listed and traded normally, and ordinary shareholders (non-controlling shareholders, actual controllers and their related parties) are locked for one year from the date of listing and trading; For major shareholders and controlling shareholders, they are generally not allowed to transfer or trade within three years;

1. For those who want to buy the original shares, there are two main ways:

Acquisitions are made when a company issues original shares. The establishment of shares can be initiated or raised. Initiation refers to the establishment of a company by the promoter of the company subscribing for all the shares that should be issued; The establishment of a fundraising refers to the establishment of a company by which the promoter subscribes for a part of the company's shares to be issued, and the rest is publicly offered to the public.

The shares subscribed by the promoter cannot be transferred within one year, so the so-called original shares of the first in the society generally refer to the shares that were publicly raised from the public when the shares were established.

Subscription by transfer. The ** held by the promoter of the company is registered **, which cannot be transferred within one year from the date of establishment of the company, and the transfer after one year shall be carried out in the prescribed ** exchange, and shall be transferred by the shareholders by endorsement or other methods prescribed by laws and administrative regulations.

For the public issuance, it can be either registered or bearer. The transfer of bearer** must be made at a legally established ** trading venue. Most of the illegal equity transactions are carried out in the name of investment consulting companies, and investment consulting institutions do not have the qualifications to buy and sell shares.

2. The original shares will have different distribution ratios according to different circumstances.

1. If the company has indeed entered the listing process, it is of course more cost-effective to subscribe for the original shares. However, the key is to judge the reliability of the listing. The general experience is:

Whether there is already a financial advisor, whether a formal audit has been done, who will do the legal opinion, who will underwrite it, etc. With more than 3 of these items, it can explain the listing process that has been entered;

2. The company's subscription** and the issuance of future listing** need to be calculated from the relevant data in the audit report. In principle, the internal subscription price should be a discount to the issue price, such as 5% off. Assuming that the issue price estimated by the underwriter is 10 yuan, the internal subscription is 5 yuan if it is discounted by 5%;

3. There are many uncertainties in the company's performance and market decision;

4. There is a time limit for the original shares to enter the secondary market for circulation and cash-out, that is, the lock-up period (lock-up period), which is generally 1-3 years, and the regulations are different in different countries, different exchanges and different sectors;

5. If the listing is not successful, it is generally not refunded (because it is already a shareholder). However, the controlling shareholder or major shareholder may also be required to repurchase shares when the listing is not reached;

6. Dividends should be based on the company's annual performance, and the board of directors decides whether to divide or not, or how much; If so, it is calculated based on the number of shares held.

Two years ago, Alibaba went public, and many of the company's employees became multimillionaires overnight because they held the original shares. So how do you buy the original shares? How to buy original shares?

What are the electronic evidence concept stocks? The leader of the concept of electronic evidence.

1. How to buy the original shares? How to buy original shares?

The original strand, not precisely defined. Generally, it refers to the company's issuance through the lottery and other direct purchases**. Generally speaking, the issue price is lower, and after listing, the market price is higher.

Holding the original shares generally makes money, which was basically the case in the first half of 2004 and before, with few exceptions. In the future, there have been cases where the issue price fell below the issue price immediately after listing, but there are still a few. After listing, it will be calculated entirely at the market price, regardless of whether it is the original stock or not.

Raw stocks only go up, not down, and are wrong from any point of view.

For example, if Company A wants to be listed, it will need to be transformed, and there will be mandatory requirements for how many shareholders, and if you have the ability, you can buy it much lower than the issue price. But ** is definitely higher than dry stocks.

The original shares are not liquid in the market. So there is no question of whether it is possible to buy the original shares. Unless you are an employee of a company, your company is going public, you are an internal employee, and you are eligible to buy.

At this time, it is the original shares that are purchased. Generally, the face value is 1 yuan.

However, you can go to the property rights trading center to buy equity. If that company goes public, it is equivalent to buying the original shares. There is no other way but this. Note that someone else is actually ** in the name of buying the original shares.

The way to buy the original shares is as follows:

1. Acquisition through its issuance. The establishment of shares can be initiated or raised;

2. Subscribe through its transfer. The ** held by the promoter of the company is registered ** and cannot be transferred within one year from the date of establishment of the company.

What are the considerations for buying original shares.

The precautions for buying original shares are as follows:

1. Since the equity subscribed by the promoter cannot be transferred within one year, the original shares of ** generally refer to the equity of the issuance of corporate bonds announced to the public when the shares are opened, and the original shares can be purchased at this time;

2. It cannot be transferred within one year from the effective date of the establishment of the enterprise, and the transfer after one year should be carried out within the specified **** trading place, and the natural person shareholders shall handle the purchase and transfer in accordance with relevant laws and regulations.

Legal basis: Article 139 of the Company Law of the People's Republic of China.

Transfer of Registered **] Registered **, which is transferred by the shareholder by endorsement or other methods prescribed by laws and administrative regulations; After the transfer, the company shall record the name and address of the transferee in the register of shareholders.

Within 20 days before the convening of the general meeting of shareholders or within 5 days before the date of the company's decision on the distribution of dividends, the registration of changes to the register of shareholders specified in the preceding paragraph shall not be carried out. However, if the law has other provisions on the registration of changes in the register of shareholders of listed companies, such provisions shall prevail.

Article 140.

Assignment of bearer **] The transfer of bearer ** shall be effective after the shareholder delivers the ** to the transferee.

As far as you know, the original shares.

It is issued by the company before listing, and it is a restricted stock with a certain restriction period. The trading hours after the listing of the original shares are stipulated as follows:

1. Ordinary original shares: according to the Company Law.

Article 141 stipulates that the shares of the company held by the promoters shall not be transferred within one year from the date of establishment of the company. The shares issued before the company's public offering of shares shall be issued from the company's **exchange**.

It cannot be transferred for one year from the date of listing and trading. If you have held the shares for one year, then you can freely transfer them as long as they are listed.

2. Executive shareholding: directors, supervisors and senior managers of the company.

The company shall report to the company the shares of the company and its changes, and the annual transfer of shares during the tenure shall not exceed 25% of the total number of shares of the company held by the company; The shares of the company held by the company shall not be transferred within one year from the date of listing and trading of the company. Within half a year after the resignation of the above-mentioned personnel, they shall not transfer the shares of the Company held by them.

The original shares are unlisted shares, and the original share transaction is a change in the amount of shareholders or shares of a normal unlisted company. The specific process of buying and selling original shares: First of all, you have to find a suitable counterparty and negotiate the amount of the transaction.

Secondly, you should inform the other shareholders of the unlisted company that if the other shareholders are willing to take over your shares according to the ** of your transaction, you should sell the shares to their shareholders. Finally, the other shareholders agree that the proportion of shares traded in your town is in accordance with the articles of association, and you can trade the shares out, and the unlisted company will handle the change of shares.

Hello, the original stock you said may be the kind that was not listed before the first kind of stock, called the original imitation stock.

If you want to buy and sell the original shares, then you have to sign a legal contract, and the specific contract content needs to be given advice or reference by the legal department or a lawyer.

The trading of the original shares is still not on the agenda, and the trading of the first right can only be traded on the three board market.

Purchase of original shares.

Here's how to do it:

1.Through the collection of information on a wide range of enterprises, especially the business status of the original shares. Here it is necessary to look for a more formal source of information about the loss of acres, rather than the information source of the company.

2.Because to be listed, all the original shares need to find the corresponding brokerage for guidance and listing. That is to say, if an enterprise wants to be listed, it must find a qualified underwriter who is qualified to sell the original shares, and the corresponding institution must have an institution authorized by the state.

3.Conscientiously deconstruct the sales prospectus of the original shares issued by the listed company, whether there is any suspicion of misleading and exaggeration, and suspicion of fraud. If the scale of the investment is relatively large, it is also necessary to ask a lawyer to review it.

4.After reviewing the situation of the enterprise, it is necessary to pay attention to the use of the funds raised, whether it is to expand the scale of reproduction, increase research and development, or raise funds to repay debts.

5.When buying the original shares, it should be reasonable and legal, and the way should be legitimate. At the same time, keep the relevant proof of purchase in case there is a major problem in the future and there is no evidence.

This clearance is also the key to many people's problems, and even a lot of evidence is not legitimate, laying hidden dangers for the future.

First, the purchase and sale of the original shares:

The first step is to initiate the establishment of a legal joint-stock company. The Company Law requires a joint-stock company to have at least 5 promoter shareholders when it is established, and at present, such joint-stock companies generally have 5 to 10 promoters, and the registered capital of the company is usually between 30 million yuan and 50 million yuan. If the company intends to issue original shares to the public from the time it is established, they will take great care to design the appropriate natural person or bag company among the shareholders to participate in the initiation.

After the company completes the registration from the industrial and commercial department, the sales of the original shares will follow, and some even start to sell to the outside world during the preparation period of the joint-stock company**.

The second step is to sell underground through an intermediary company**. At this time, most of the sales are natural person shares in the promoter or the corporate shares held by the leather bag company, the advantage of this is that once the deeds are revealed, the company will generally claim that "the purchase and sale of the company's ** is the company's shareholder behavior, and has nothing to do with the company", which on the surface washes away the company's responsibility.

In the third step, the company cooperates with the intermediary to carry out listing publicity and dividends. In order to facilitate sales, joint-stock companies usually publish an announcement on ** that "the company has signed a listing guidance agreement with a certain ** company in the United States (or other countries)". In addition, they often publish advertisements, mostly with beautiful descriptions of the company's situation, and even hold shareholder reports or listing promotion meetings, so that the chairman, lawyers and others can talk about it to increase the trust of shareholders in the company.

The fourth step is to find an equity custody center for ** custody. In order to further increase the credibility of the company, such joint-stock companies usually look for an equity custody center for escrow. After the escrow, the evidence in the hands of the purchaser was also reduced, because in the end, all he held was a custody card, and only the name and number of shares were written on it, deliberately avoiding the ** that explained this part**.