Group 1 - The average effective subscription number for new stocks on the Beijing Stock Exchange (BSE) is 150,200, with an average subscription multiple of 174.67 times and an average allocation ratio of 0.94% [1] - In 2023, the BSE has completed public offerings for 24 companies, raising a total of 4.004 billion yuan, with an average effective subscription number of 211,800 and an average subscription multiple of 393.81 times, while the average allocation ratio is 0.53% [2] - The number of qualified investors in the BSE has exceeded 5 million, with over 500 public funds participating, and 9 companies have received strategic investments from public funds this year [2] Group 2 - The BSE is gradually attracting a group of cornerstone investors, which enhances market resilience and liquidity, as institutional investors tend to have a long-term investment and value investment approach [3] - There are currently 136 companies in the BSE's review process, with an average revenue and net profit growth of over 30% in the past year, and a weighted average return on equity of 20.73% [4] - The average R&D investment of the 136 companies is 26.98 million yuan, with a research intensity of 5.06%, and nearly 80% belong to advanced manufacturing and modern service industries [4] Group 3 - High-quality companies in the BSE are expected to see improved pricing and liquidity, indicating effective value discovery in the market [5] - The BSE is anticipated to become more active in terms of investment and financing as supporting systems improve and the quality of listed companies increases [6] - The growth of quality listed companies and a diverse range of investors will create a positive feedback loop, laying a solid foundation for the future development of the BSE [6]
机构投资者聚集北交所打新 下半年新股发行提速成共识
Xin Hua Wang·2025-08-12 06:20