You can’t tell. The winning result can only be seen after T+3.

New stock issuance refers to the initial public offering of stocks (English translation into Initial Public Offerings, referred to as IPO), which refers to the first public issuance of stocks to investors by an enterprise through a stock exchange in order to raise funds for enterprise development. process.

The purpose of subscribing for new shares is to obtain the price difference income with extremely low risk between the primary market and the secondary market of stocks. It does not participate in the speculation of the secondary market. Not only is the principal very safe, but the income is also relatively stable, making it a stable investor. Ideal investment choice.

New stock subscription is the investment method with the lowest risk and stable returns in the stock market.

The new stock subscription business is suitable for investors who have certain requirements for capital liquidity and a certain risk tolerance, such as secondary market investors, bank financial management investors, and large enterprises and large companies with idle funds. company.

Subscription procedures

One and four-day subscription procedures: (used when Hong Kong stocks are issued at the same time)

(1) Subscription day (T+0 ), investors subscribe.

(2) On the first day after the subscription date (T+1), the stock exchange will freeze the subscription funds in the special subscription account.

(3) (T+2), the stock exchange cooperates with the underwriters and accounting firms to verify the capital of the subscription funds, continuously allocates numbers based on the funds in place, and announces the winning rate through the satellite network.

(4) (T+3), the lead underwriter draws numbers and announces the winning results.

(5) (T+4), unfreeze the unfrozen portion of the application funds.

Second and third day subscription process:

(1) On the day of subscription (T+0), investors subscribe.

(2) On the first day after the subscription date (T+1), the exchange will conduct capital verification.

(3) (T+2) Lottery and announce the winning results

(4) (T+3) Unfreeze the unfrozen portion of the subscription funds

*Note: The number of winning shares will be received after the market closes on the evening before the listing date of the new shares.

Place numbers according to the account market value on T-2: Shenzhen allots one number for 5,000 yuan, 500 shares/number

Shanghai allots one number for 10,000 yuan, 1,000 shares/number