1. Beijing Stock Exchange can subscribe for new shares directly, as long as it meets the conditions for opening an account. What's more, the Beijing Stock Exchange adopts the cash subscription system, that is, it needs to freeze the corresponding funds first when subscribing, and then unfreeze the funds after the winning result comes out, which generally takes 2-3 days.
2. At the same time, from the perspective of subscription ceiling, the subscription ceiling of new shares of the North Stock Exchange is relatively high, not less than 100 shares and not more than 5% of the initial online circulation. If a company has a large initial circulation, the more shares investors can subscribe for. However, it should also be noted that there is one 100 share of the new shares of the North Stock Exchange, which is distributed in proportion first. After the calculation is completed, the remaining zero shares will be distributed according to the subscription quantity. If the number of subscriptions is the same, it depends on who subscribes first and who distributes first.
3. After the company's listing application is approved, the initial public offering (IPO), the so-called IPO, will raise funds from the market, sell some shares, and individuals or investment institutions will subscribe for new shares online or offline. This part is called IPO or subscription of new shares. To subscribe for new shares, a securities account of Shanghai Stock Exchange or Shenzhen Stock Exchange must be opened before the issuance date. From 20 15, offline institutions and individuals can subscribe on the stock exchange and online by themselves.
4. On the T day, investors can inquire about their market value or purchasable quota through the securities companies designated for trading, and investors can subscribe for new shares according to the purchasable quota; Match the number on the same day and send the matching result data. Where the issuer and the lead underwriter arrange the number of callbacks between online issuance and offline issuance according to Article 10 of the Measures for the Administration of Securities Issuance and Underwriting, they shall notify the Exchange of the number of callbacks between online issuance and offline issuance on T day.