Why do the vast majority of new shares rise after listing, and the second new shares will rise better? The subject's question is "Who is generally pushing up the IPO?" I believe that most investors want to know who is behind the "pusher". Only by knowing more can we better grasp the market. From an objective point of view, we need to know the following points:

1, the IPO itself has a rising gene. Speculators who try their luck "hit the board", short-term speculation, and a temporary influx, boosting the stock price. When new shares are listed in Shanghai and Shenzhen stock markets, their P/E ratio is often lower than the industry average. For example, the recently listed Boliwei, Haoyuan Medicine, Xin Kai Materials, Maituo, China Eastern Logistics, Songsheng, Shengnuo Bio and Pulian Software are far below the industry average P/E ratio, and even the share prices of some listed companies are still below the industry average P/E ratio even if they double. At a low P/E ratio, the IPO itself has a rising gene.

Of course, there are more than 65.438+0.8 billion A-share investors, including many speculators who try their luck, "play the board" and speculate in the short term. Generally, the new shares listed on the main board will have a continuous daily limit, which will attract many investors to try their luck. If they can attract chips, they may make a profit of 654.38+00% tomorrow. There is no limit to the rise and fall of science and technology innovation board and growth enterprise market. If they can rise again tomorrow, they will benefit a lot. Under the temptation of huge fluctuations, there are many investors who dare to take risks. This wave of investors is the main reason for the rise of new shares after listing.

2. Capital boost. It may be hard for investors to imagine that the fund actually participated in the speculation and promotion of new shares. Generally speaking, the fund is unlikely to participate in such behavior, but if it is a passive fund, then the fund must participate, because the mechanism is set in this way. For example, the setting of an industry index fund is that all listed companies in the industry match by weight, so they need to participate in the subscription of new shares when listing, and lock in the share after listing.

As for whether there are other "pushers" behind IPO, such as listed companies, such as market value management, it depends on listed companies themselves. Generally speaking, the P/E ratio of IPO is low, and investors who try their luck to "hit the board" and capital boost have a great impact on the rise.