China trade logistics company into IPO deal first single, no restriction to flow caused concern

Experts said the old rules, and issuing shares in circulation at least increased more than 20% compared to.
China trade logistics recently issued a prospectus. Because it is the" on the further deepening system reform of initial public offering guidance" after the implementation of the Shanghai first single IPO, the China trade logistics distribution has caused the widespread concern of the industry.
The reporter understands, the issue in the online issue of the ratio, the call-back mechanism, net placement lockup, there are significant changes, it is worth mentioning that, the issued shares of no restriction to flow and locking arrangement, at the same time, individual investors in the new network placing inquiry will also debut.
The SFC since last year, begin to carry out a new round of the new distribution system reform, in April 28th this year, the public opinion basis issued" on further deepening system reform of initial public offering guidance", main content includes to raise the ratio of net placement; the introduction of individual investors to participate in the new inquiry; P / E ratio is higher than the industry average price-earnings ratio25% announcement or inquiry; part of the original shareholders to net investors transfer; cancel mechanism under the network shares three months lockout period.
British Institute of securities Li Daxiao said, IPO rules to issue new shares, net of the placing part no three months lockout period, listed on the first day, can immediately sell. Since the original shareholders to transfer network of investors, this kind of chips uncertain the listing of new shares, and the old rules to issue new shares, shares in circulation at least increased more than 20%, suggesting the involvement of new risks, recommended investors will be more cautious and careful when.
City, the United States and Zhejiang, a shares and East Prudential biochemical is the IPO rules in Shenzhen stock after the first company. It is reported, the three companies have entered the stage of preliminary inquiry.
The reporter understands, the United States and Zhejiang, a shares and East Prudential biochemical preliminary inquiry and to recommend the announcement said, underwriters independent recommendation, to the Association for individual investors can choose their own in Shanghai, Shenzhen or Beijing to participate in the promotion spot, but individual investors to participate in the company's net inquiry is need time. The message says, the firms should formulate corresponding management measures and get through, and then required to recommend individual investors, and then to the Association for record, individual investors need to wait until after the completion of the process, can be involved in net inquiry.
Investment bank said, nearly two weeks old and new rules at the same time the issue of new shares, according to new rules of IPO, investors can apply for no phase locking of other companies, from the use of capital efficiency point of view, institutions tend to purchase the regular stock, the recent use of the old rules to issue new shares, will face more and more major distribution pressure. It is reported, enter the initial inquiry stage of the Haida company for an inquiry object and suspend the issuance.
The market analyses a personage to think, China trade logistics the IPO current limiting and locking arrangement, refers to the issue of100000000 shares of no restriction to flow, reasonable pricing of new shares has a certain role, is the issue of new shares in a small progress, but did not involve the size limit of circulation problems, so the entire circulation is not true. A voice call, if you want to reach new and reasonable pricing and market two reasonable valuation, limit the size should be cancelled.
Success of natural gas pipeline across the Qiantang River, Riverside, Xiaoshan District, Hangzhou City and is not afraid to snuff out