The fixed increase contains new investment opportunities, and the fixed increase is good

Fixed increase. The reason why the big fire will rise sharply is as follows:

If the stock price is too high before the private placement, the issue price of the private placement will become higher, and after the private placement is too high, no one is willing to go to the private placement, so it may lead to the failure of the private placement, so during this period, the main funds generally will not pull up the company's stock price.

Private placement. The issuance of ** shall not be less than: 90% of the average price of the company in the 20 trading days before the pricing benchmark date, so the stock price before the private placement is too high, which means that the future income of the private placement object will be reduced, so it will not roll over the rent before the private placement**.

Stock price refers to the transaction, and the value of the stock price is a relative concept. The true meaning is the value of the assets of the business. The value of the share price is equal to earnings per share.

Multiply by the P/E ratio.

The market is a barometer of the economy. In other words, stock price changes not only change with the changes in the economic cycle, but also predict the changes in the economic cycle. Empirical studies have shown that stock price fluctuations precede economic fluctuations.

Often, when the economy has not yet come out of the trough, stock prices have begun to recover, which is mainly caused by investors' unanimous judgment of the economic cycle.

Because the main force is in the fixed increase.

Before washing.

Operation, that is, the main force sells a part of the chips before the fixed increase, causing investors in the market to panic and throw out the ** in their hands, to achieve the purpose of washing, and after the end of the fixed increase, and then **, pull up**. The private placement may be the listed company through the private placement financing, alleviate the shortage of funds, the development of the main business, or the listed company through the private placement to inject high-quality assets, or the introduction of strategic investors, the integration of upstream and downstream enterprises, will promote the performance growth of the listed company, thereby driving the stock price. For example, some of the main forces take advantage of the approval of the private placement for shipment operations, that is, the main force takes the opportunity of the approval of the private placement to distribute the chips in the hands above to achieve the purpose of attacking the goods, resulting in the stock price.

In addition, when the private placement is approved, the market is not good, and investors in the market carry out a large number of selling operations in order to avoid risks, or the investor sentiment in the market is sluggish, which will also lead to the stock price.

Extended information: In order to make more money for the major shareholders, it can also be said to give money to the major shareholders. Moreover, this kind of pressure before the private placement is the main force or the shareholder to do the stock price control, why do they want to suppress the stock price before the private placement? Here's why:

1.Under normal circumstances, when encountering this kind of pressure before the fixed increase, investment users do not need to panic, and they can be bold at this time. Because generally this kind of fixed increase is suppressed before the ****.

The purpose is that shareholders in order to lower the additional issue price, reduce the cost of additional issuance, if the stock price soars at this time, then the additional offering price generated by the auction will also rise, and the main force involved in the additional issuance must not want to see such a result.

2.**Additional.

A placing is a placement of a listed company through a designated investor such as a majority shareholder or institutional investor.

or a financing method in which all investors issue additional shares to raise funds.

The issuance ** is generally a certain proportion of the average price of a certain stage before the issuance, so the shareholders will definitely suppress the **** before the private placement. After understanding the reason for the pressure before the fixed increase of the stock hail ticket, the next thing to talk to you about the daily limit after the fixed increase, will there be a daily limit after the fixed increase? There is no standard answer to the above questions, and we need to analyze them according to the actual situation.

Due to the private placement, under normal circumstances, additional issuance will be issued to no more than 10 investors, and the lock-up period is 12 months. If these investors who subscribe for the private placement previously held the company's **, then, when the private placement ** arrives, because the private placement ** is lower than the market**, it will inevitably bring arbitrage space. For example, if an investor originally held 10 million shares, 21 yuan per market, and if the fixed increase was 18 yuan, subscribed for 5 million shares, and the lock-up period was 12 months, then, after the private placement shares arrived, 5 million of the 10 million shares originally held could be sold out, which could cash out about 3 yuan per share arbitrage space.

Therefore, due to the existence of arbitrage space, the stock price will also appear correspondingly.

Fixed increase. Generally speaking, it is good, and the profitability of the general company will rise after the fixed increase, which is good for the stock price. However, if there are extreme cases, the stock price will also be **.

Extended Information: 1. Meaning.

Private placement. It is a type of additional issuance. Issuance of investment products such as bonds or** to a limited number of sophisticated institutional (or individual) investors.

It is also sometimes referred to as a "private placement" or "private placement". The issuance** is determined by the auction of investors participating in the additional issuance. The issuance procedure is more flexible than that of a public placement.

It is generally believed that this financing method is more suitable for enterprises with small financing scale and high degree of information asymmetry. China in the new "** Law.

After the formal implementation and share reform, listed companies mostly use this kind of equity financing. The relevant regulations of the China Securities Regulatory Commission include: the issuance object shall not exceed 35 people, the issue price shall not be less than 80% of the market price, the issuance of shares shall not be transferred within 6 months (18 months for major shareholders), the purpose of the raised funds shall be in line with the national industrial policy, and listed companies and their executives shall not have violations.

Second, the role. 1. Use the market-based valuation premium of the listed company (relative to the book value of the parent company's assets) to pass the assets of the parent company through the capital market.

amplify and thus increase the value of the parent company's assets.

2. Comply with the regulatory requirements of the China Securities Regulatory Commission for listed companies, and fundamentally avoid related party transactions between the parent company and the listed company.

Compete with peers and realize the complete autonomy of listed companies in finance and operation.

3. For group companies with a low holding ratio, the control of listed companies can be further strengthened through private placement.

4. For state-owned enterprises, listed companies and groups, the management level is reduced and a large number of externalities are made.

The problem is internalized, transaction costs are reduced, and equity incentives can be passed more effectively.

and other ways to strengthen the market value guidance mechanism.

5. The importance of timing. At present, the valuation of listed companies is still in a low position, and at this time, it is more beneficial for the group to obtain more shares by taking private placement.

6. Private placement can be used as a new means of mergers and acquisitions to promote the growth of high-quality leading companies through mergers and acquisitions.

7.Non-public manuscript development line.

Major shareholders and large investors with strong risk tolerance can transfer funds to listed companies at a price close to the market price, or even more than the market price, so as to minimize the investment risk of small shareholders. Since the maximum 10 investors participating in the orientation have a clear lock-up period, generally speaking, listed companies that dare to propose a non-public additional issuance plan and have been accepted by large investors will have better growth.

Private placements, also known as private offerings, i.e., offerings to specific investors**, are generally considered to have similarities with common private equity investments. Private placement is a kind of capital increase and financing for the issuer, and an equity investment for the buyer. Private placement has great investment opportunities, the private placement issue price is often at a certain discount compared with the secondary market, and the private placement of funds is conducive to the development of listed companies, which in turn will help the stock price of listed companies, so now more and more private placement products participate in private placement, hoping to dig from it.

Private placement investment has become a hot spot for investors, and more and more private placements are keen on private placement.

Private placement refers to the non-public issuance of shares by listed companies to a small number of qualified specific investors, which requires that the issuance object shall not exceed 10 people, the issue price shall not be less than 90% of the market price of the 20 transactions before the announcement, and the issued shares shall not be transferred within 12 months (within 36 months after subscription to become a controlling shareholder or have actual control).

In the "Measures for the Administration of Refinancing" (draft for comments) issued by the China Securities Regulatory Commission in 2006, there are no other conditions for non-public offerings, except for stipulating that the issuance object shall not exceed 10 people, the issue price shall not be lower than 90% of the market price, the issuance of shares shall not be transferred within 12 months (36 months for major shareholders to subscribe), and the use of funds raised shall comply with the national industrial policy, and listed companies and their executives shall not have violations, etc., there are no other conditions, that is, there is no profit requirement for non-public offerings. Even loss-making companies can apply for issuance.

There are two types of private placements: one is that the investors (such as foreign investors) want to become strategic shareholders of listed companies, or even become controlling shareholders. In the past, there was no private placement, and they could only buy equity from major shareholders (such as Morgan Stanley and the International Finance Corporation jointly acquired the equity of Conch Cement), and the money taken out by the new shareholders went into the pockets of the major shareholders, which had little direct effect on strengthening the listed company.

The other is to acquire others after private placement financing to rapidly expand the scale.