In 2023, a total of 313 new shares were issued in the A** market, a decrease of 268%。Looking closely at these 313 new stocks, we can find a worrying phenomenon: as of the latest ** day, 190 ** have fallen below the issue price, accounting for 60 of the total7%。This percentage is quite high, indicating that the market is less receptive to new listings and investors are less enthusiastic about new listings.
An in-depth analysis of the characteristics of these IPOs reveals one thing in common: the issuance valuation is too high. This is a cause for alarm. An excessively high valuation can leave a bad impression on investors and make them doubt the company's prospects. At the same time, overvaluation will also put more pressure on the company's future performance, because if the performance fails to meet the high expectations, the stock price will naturally suffer.
In 2023, the top five IPO fundraising companies will all be broken, including Huahong Company, Xinlian Integration, Jinghe Integration, Shaanxi Energy, Aviation Materials Co., Ltd., etc., and their breakage ranges have reached respectively. 8%。Among them, Aviation Materials Co., Ltd. is the highest over-raised amount in 2023, and it was originally planned to raise 382.3 billion yuan, the actual fundraising was 710.9 billion yuan, over-raised 328.5 billion yuan. However, the current share price is breaking by nearly 40%, which is undoubtedly a heavy blow to investors.
Investors need to be vigilant about these broken IPOs. First of all, don't blindly pursue companies with high issue prices or high valuations. Second, it is important to fully understand the company's fundamentals and market outlook in order to make informed investment decisions. Finally, it is necessary to be aware of risks and do a good job in risk management.
In general, the new stock issuance situation in the A** market in 2023 is not optimistic. Investors need to be more cautious about investing in IPOs to avoid falling into the trap of overvaluation.