03本周话题

Core Viewpoint - The public offering strategy has shifted from a passive "collective profit" approach to a more active "elite game" strategy, indicating a significant transformation in investment behavior and tactics within the industry [1] Group 1: Strategy Transformation - The public offering market has seen a notable change in strategy, moving towards a more competitive and selective approach among institutional investors [1] - This shift reflects a growing emphasis on identifying high-quality investment opportunities rather than relying on broad market participation [1] - The new strategy is characterized by a focus on elite investors who are better equipped to navigate the complexities of the market [1] Group 2: Market Dynamics - The change in strategy is driven by evolving market conditions and the need for investors to adapt to a more challenging environment [1] - Increased competition among institutional investors has led to a more sophisticated approach to public offerings, with a focus on due diligence and strategic selection [1] - The transformation is expected to impact the overall performance of public offerings, as investors become more discerning in their choices [1]