Face value 1 yuan, which is the capital accounting price. Profit price is the expected price of its capital. For example, Bank of China, whose capital value is 65.438+0 billion, issued 65.438+0 billion shares, so its face value is 654.38+0 yuan, but its assets can appreciate, so the average share is not 654.38+0 yuan, but it may be 3 yuan two years later and 654.38+00 yuan five years later, so,

In fact, in China stock market, because there has never been a first-day decline in IPO, in China, no matter how high the premium is, it is in short supply. Shares issued in China are basically issued at preferential prices.

Premium rate = (share price-net assets per share) ÷ net assets per share