Playing new shares refers to using funds to participate in the subscription of new shares, if you win the lottery, it is equivalent to getting the ** that is about to be listed.
IPO operation process:
Market value preparation: According to the provisions of the ** Exchange Law, investors need to have an average market value of more than 10,000 yuan in the 20 trading days before the subscription date (T-2) before the subscription date. After the conditions are met, there will be one subscription unit for every 10,000 market value in the Shanghai Stock Exchange, and one subscription unit for every 5,000 yuan market value.
Subscription: After the conditions are met, the investor will make a new purchase on the subscription date (T day). There is no need to make a payment at the time of subscription, and the winning rate will be announced on the last two trading days (T+2) of the subscription date, and the winning payment will be made.
Number matching: After the subscription, the number will be matched. The Shanghai Stock Exchange is allocated one number for every 1,000 shares, and ** is assigned one number for every 500 shares.
Announcement of the allotment rate: On the second trading day (T+2) after the subscription date (T day), the allotment rate will be announced on the **exchange**.
Proceed of the allotment payment: On the third trading day (T+3) after the announcement of the allotment rate, the allotment result will be announced and the allotment payment will be made. If no payment is made at this time, it will be deemed to have given up the subscription.
Listing: After winning the lottery and paying the payment, the listing will be carried out. Under normal circumstances, on the trading day after the payment date (T+4), the new shares will be listed on the ** exchange.
Under normal circumstances, the IPO will be listed for trading 8 to 14 days (natural days) after the allotment. This means that about 6 days from the subscription date, the new shares may start to be traded on the secondary market. However, there are also cases where the listing of new shares may be delayed, but usually not for more than 14 days.
Tips: **There are risks, and you need to be cautious when entering the market. If you have relevant needs, you can consult professional people and institutions to ensure that your own interests are not infringed.