Public offering IPO within the month, allocation amount exceeding 1.5 billion yuan

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Reporter: Peng Yansong

Public offering institutions have always been a key participant in the offline allocation of new stock issuances. According to data from Public Offering Allocation Network, as of the 26th, 101 public offering institutions have participated in the offline allocation of 3 new stocks listed this month, with a total allocation of 44.5412 million shares, amounting to 1.56 billion yuan, averaging 26.96% of the total financing of the 3 new stocks, dominating the offline allocation of new stocks.

In terms of allocation, the globally leading micro-display overall solution provider, Visionox Technology, has become the target with the highest allocation amount among public offering institutions, with a total allocation of 31.6822 million shares and an allocation amount of 719 million yuan, accounting for 31.56% of its total financing, ranking first among the 3 new stocks. Hongming Electronics, a core supplier of defense electronic components, received a total allocation amount of 570 million yuan, with an allocation of 8.186 million shares, accounting for 6.84% of the total share capital. In addition, Good Electric Material also received active layout from public offering institutions, with a total allocation amount of 271 million yuan, totaling 4.673 million shares.

Top public offering institutions have become the main force in this round of new stock subscription. Data shows that since March, there have been 10 public offering institutions with an allocation amount of no less than 50 million yuan, with a total allocation amount exceeding 1 billion yuan, accounting for more than 60% of the total allocation amount of public offerings in the market. Among them, E Fund ranks first in the industry with an allocation amount of 216 million yuan, fully participating in the offline allocation of the 3 new stocks.

Liu Youhua, research director of Shenzhen Qianhai Public Offering Network Fund Sales Co., Ltd., told the Securities Daily reporter that the deep participation of public offering institutions in new stock issuances has multiple positive implications for the high-quality development of the A-share market: relying on rational pricing based on professional research capabilities can effectively enhance the rationality of new stock pricing, reducing pricing deviations and the risk of breaking the issue price; as a medium- to long-term fund, public offering institutions participate in new stock subscriptions with the purpose of allocation, which helps stabilize price fluctuations in the initial listing period of new stocks and suppress short-term speculative behavior.

Yang Delong, chief economist of Qianhai Kaiyuan Fund, believes that from the perspective of serving the real economy, public offering institutions continue to focus on hard technology sectors, aligning precisely with the national innovation-driven development strategy. Through the professional research and screening of public offerings, capital market funds are efficiently directed to key core technology fields, providing hard technology companies with the long-term capital needed for research and development and capacity expansion, supporting the self-controllable supply chain of the industry.

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Editor: Gao Jia