Breaking The First Day Of Listing

The first day of the listing of the nine herd kings fell 13%

Known as " Men's trousers Experts called "nine shepherd king" yesterday officially traded on the Shanghai Stock Exchange. Although the agencies generally optimistic, however, in the background of frequent breakout of new shares, the king still failed to escape the fate of breaking. Throughout the day, the king of nine fell 13.05% and received 19.13 yuan. The break of nine Mu Wang is just a microcosm of the new stock market breaking out this year. Nearly 8 of the IPO is hit this year. Insiders pointed out that the market "foot" vote or will again forced the IPO system reform.

Nearly 80% breakout of new shares this year

The first day of the listing of the nine herd Kings is undoubtedly a microcosm of the breakup of new shares this year. Unrestrained expansion and new issue of "three high" phenomenon is serious. This year, nearly 80% of the IPO breaks again sparked the attention of the market. Prior to the breakup of new shares in the A share market in May of last year, 9 of the 26 new IPO breakages broke out on the first day, with a breakage rate of 35%, and the break rate at that time had surprised the market.

According to statistics, of the 136 new shares listed on this year, 106 have fallen below the issue price, the proportion of breakage is as high as 77.94%, the share of breakstocks in gem and medium and small plates is over 80%, and the proportion of motherboard breakstocks is over 60%. Take the growth enterprise market as an example, in all 221 GEM stocks, 127 stocks break, and the proportion of breakstocks is 57.47%.

Billion " Lin family "One day evaporation 1 billion 300 million

According to public information, after the completion of the issue of A shares, the top five shareholders of the nine Mu Wang were all controlled by Lin Congying and his relatives. The largest shareholder was the investment of nine herd king, with a shareholding ratio of 58.91%. Tsung-Ying Lin Wholly owned. Among the other four major shareholders, Shun Mao investment, wise investment, platinum investment and Chi cube investment were controlled by Lin Congying's Chen's relatives.

Lin Congying and his family controlled 450 million shares of nine Mu Wang, accounting for 78.54% of its total share capital after listing, and the shareholding structure was highly familial.

Prior to market expectations, according to the issue price, the stock market value of the Lin Congying family will be as high as tens of billions, but with the stock market breaking up yesterday, the market share of the total stock held by the family was only 8 billion 608 million 500 thousand. Among them, Lin Congying himself indirectly owns 337 million 500 thousand shares of nine herding kings through the investment of King Mu, and the market value is about 6 billion 456 million at yesterday's closing price.