RecentlyThe A** market continues to weaken, but the new stock is full of money-making effect。International Composites, which was listed on December 26, opened with an increase of more than 200% on the first day, an increase of nearly 150%, and a circulating market value of more than 3.6 billion yuan. As a relatively large new stock with a large circulation, the performance of the stock on the first day of listing is really outstanding.
The performance of international composite materials is only a "microcosm" of recent new stocks. According to the data of choice, the author found that since October this year, the average and median rise and fall of new shares on the first day of listing have increased significantly compared with previous months.
On the one hand, the money-making effect of the explosion of new stocks is related to the increase in the scarcity of new stocksThe number of IPOs listed in three months was less than 20. In addition, in the context of the weakening of the index, active funds choose to "huddle" new stocks for game, which is also an important reason
Specifically, as of December 26,For almost three monthsThere were 48 IPO listed companies, with an average increase of more than 140% on the first day of listing and a median increase of more than 107% on the first day of listing. The 25 companies rose by more than 100% on the first day of listing, accounting for more than half
Among them, Awit, which was listed on the Beijing Stock Exchange on October 27, rose by more than 10 times on the first day of listingBelden Energy, which was listed on the Shenzhen Stock Exchange on November 3, rose more than 7 times on the first day of listing. Hongsheng Huayuan, COSCO, Kunbo Seiko, West Magnetic Technology, etc. all rose by more than 2 times on the first day of listing.
Chengqi, Shengquan Hengyuan, Renqiao and many other tens of billions of private placements participated"Divide the soup"!
In the past three months, the money-making effect of the explosion of new stocks has also allowed participationInvestors who have been allocated ("won the lot") will receive the rewardsQuite a bit。As one of the important institutional investors in the market, private equity** is also keen to participate in the "IPO" of new shares, in an attempt to increase income through "IPO".
According to choice data, in the past three months, there have been a number of private placements** with a large amount of allocation, and the author has sorted out the top 20 ** products with the highest amount of "new" allocation. Since there is a subscription ceiling for "new listing", the largest amount allocated to a single ** in the past three months is only at the million level.
In the past three months, the private equity ** product with the largest amount allocated to the "new market" is the "Rhino Star - Beijing Jiaotong Selected Julu No. 2" of Julu Investment, which has been allocated an amount of 4.64 million yuan. According to the information of the private placement network, "Rhino Star - Beijiao Selected Julu No. 2" was established in December 2022 and has exceeded the income this year
In response to compliance requirements, private placements** cannot publicly display performance, and the income data involved in the article is replaced by ***, and qualified investors can view the earnings data. ]
Tens of billions of private placementsThere are multiple products"Hit the new" gets a larger amount of money. Among them, Shengquan Hengyuan's product "Shengquan Hengyuan Multi-Strategy Quantitative Hedging No. 1" has been allocated the largest amount of "new investment" in the past three months among the 10 billion private equity products, and it has been allocated more than that4.32 million yuan
According to the data of the private placement network, the product was established in July 2015, and as of December 22, 2023, the product has been cumulatively obtainedThe above returns, the annualized returns are close, the interval drawdown is insufficient, the Sharpe ratio is greater than, this year's earnings are close
Shengquan Hengyuan was established in 2014 and became a quantitative private equity manager of 10 billion yuan in 2020. The company's core investment research team are professionals in the fields of investment management, strategy research, quantitative trading and platform construction. The company has always adhered to the forward-looking vision of the layout of the market, is good at discovering and investing in varieties that have a certain discount compared with the mainstream investment in the capital market, and operates through a rich and flexible portfolio strategy to effectively resist the risk of market fluctuations while obtaining market opportunities.
In addition, Renqiao Asset Management and Chengqi Asset also have a number of productsThe amount allocated to the "new market" is relatively large
According to the data of the private placement network, Renqiao Asset Management was established in May 2017 by Mr. Xia Junjie, the former investment director of the ** business department of Nuo An'an, and the core team is from large domestic commercial banks, public and private placements. The company is mainly based on the first long strategy and pursues systematic contrarian investment.
Founded in September 2013, Chengqi Asset Management is a leading quantitative private equity company in China. The core members of the company are graduated from Peking University, Tsinghua University, University of Science and Technology of China and other domestic famous universities, and most of the management personnel have obtained master's degree or above from well-known universities in the United States, Japan or the United Kingdom, with good basic knowledge and international vision. The company is committed to applying the most systematic and cutting-edge quantitative investment methods in the world to the Chinese market.
MultipleThe performance of "private placement and new placement" private placement products has been good
In recent years, although there have been occasional troughs in the money-making effect of new stocks, the overall performance is still good. Therefore, in order to meet the needs of investors, private equity managers have also issued a number of ** products with the theme of "new listing".
According to the data of the private placement network, as of December 26, 2023,The core strategy is:There are 139 private placement products of "private placement and new listing".。Among them, there are both products invested in the "new" market and products invested in the private placement of listed companies, due to the lack of more specific product investment, it is impossible to distinguish whether it is "new" or "fixed".
However, participating in the private placement and "playing new" are both trying to earn.
Pricing differences between primary and secondary markets. "Playing new" earns money from the premium of the secondary market;The private placement issue price is usually 10%-20% lower than the market price, which has the advantage of being relatively low, but there is usually a 6-month lock-up period.
In order to provide readers with a better reference, the author has screened out the top earnings in the past year and the past three years10 of the "fixed increase and new" products. Eight of these products have been made this yearabove the benefits.
Huge melt hundredChuanNumber 1"The administratorHuge meltingAssets, yesTop 10 productsThe largest of the companies。The product was established in August 2021 and has an annualized return, this year's earnings are close。Mu Zhihua, the ** manager of the product, graduated from Nankai University with a master's degree in economics and 23 years of experience.
In the past three years, there is9 "fixed increase and new" products have earned in the past three yearsAbove. Among them, Tianchuang Capital's product "Tianchuang Opportunity No. 15" has been achieved in the past three yearsranked first.
Risk Disclosure:Investment is risky, the past performance of ** mentioned in this information is not indicative of its future performance, the performance of **Manager other ** does not constitute a guarantee of ** performance, and our company does not promise or ** future returns of the product in any way, expressly, implicitly or otherwise. Investors should pay careful attention to various risks, carefully read the sales documents such as the contract and the product key facts statement, fully understand the risk-return characteristics of the product, and make investment decisions according to their own circumstances, and be responsible for their own profits and losses in investment decisions.